Exports are expected to record their lowest growth in four years as a result of the EU-Vietnam Free Trade Agreement (EVFTA) and the renewed Sino-US trade war. Aat Pisanwanich, director of the Center for International Trade Studies at the University of the Thai Chamber of Commerce, said the latest study puts export growth this year at […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures rose more than 1% for a second day of gains on Tuesday, supported by a weaker ringgit and expectated higher demand in May. The ringgit, palm’s currency of trade, weakened by 0.2% against the dollar on Tuesday evening. A weaker ringgit usually supports palm oil by making it cheaper […]
Read MoreTHE Consumer Price Index (CPI) in March 2019 decreased by 0.05 per cent year-on-year (y-o-y), compared to March 2018, said the Department of Economic Planning and Development (JPKE) under the Ministry of Finance and Economy (MoFE) in a press statement yesterday. The JPKE statement also said that prices of food and non-alcoholic beverages decreased by […]
Read MoreSTRUGGLING food delivery startup honestbee is halting its food delivery business in Singapore and suspending its laundry service with effect from May 20, affecting some 400 freelance delivery persons. The headcount of honestbee employees in Singapore will not be affected. In a media statement on Wednesday, honestbee said that the decision was “to optimise the […]
Read MorePresident Joko “Jokowi” Widodo has signed Government Regulation No. 34/2019 on trading in border areas to regulate trade between Indonesians and foreigners who live along shared borders. “Trade in border areas […] is allowed in land and sea border areas,” Article 2 of the regulation states. The regulation stipulates that only Indonesians who live in […]
Read MoreKUALA LUMPUR: Banks in Malaysia will benefit from the recent cut in the overnight policy rate (OPR) if the move results in a higher loan growth, according to AmBank Group chief executive officer Datuk Sulaiman Mohd Tahir (pic). However, he told StarBiz that the banks’ bottom line could potentially take a hit, in the event […]
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Thailand
