SINGAPORE exports finished the third quarter with a fizzle, rising by a gentler 5.9 per cent year on year in September even as the electronics sector continued its recovery from last year’s global down-cycle. The growth in non-oil domestic exports (NODX) was due mainly to an increase in electronics shipments from its year-ago low base, […]
Read MoreMANILA, Philippines — Remittances from overseas Filipino workers (OFWs) contracted by 2.6 percent to $21.41 billion from January to August compared to last year’s $21.99 billion amid the massive displacement caused by the impact of the pandemic on the global economy, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. For August alone, personal remittances including […]
Read MoreWhile Vietnam is at risk of being listed as currency manipulator by the US, such a risk appears low, as the US will likely continue to reduce its dependence on Chinese exports by reorganizing its supply chain with other partners. In the short-term, the State Bank of Vietnam (SBV)’, the country’s central bank, is expected […]
Read MoreThe Regional Cooperation and Economic Partnership (RCEP) agreement is ready to be signed in November, and is expected to take effect in the second half of next year, Auramon Supthaweethum, director-general of the Trade Negotiations Department, said. The Covid-19 crisis was not an obstacle to RCEP negotiations as the panel was meeting via video conference […]
Read MoreGlobal financial institutions have provided a more positive outlook for Cambodia’s economic outlook because the country has been far less affected by COVID-19 than others. Cambodia’s Ministry of Economy and Finance (MEF) claimed that the prediction is based at least in part on the government’s comprehensive anti-COVID efforts. The World Bank’s October 2020 Economic Update […]
Read MoreIndonesia booked its highest exports in six months, driven by rising shipments of agricultural and manufactured goods in September, Statistics Indonesia (BPS) announced Thursday. In a sign of improving global demand, Indonesia has booked a trade surplus for five consecutive months. Exports jumped 6.97 percent month-to-month (mtm) in September to US$14.01 billion, the highest recorded […]
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Thailand
