MANILA, Philippines – The country’s balance of payments (BOP) position reverted back to a deficit in May amid the continued outflow of funds and strong imports, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. BSP Deputy Governor Diwa Guinigundo said the Philippines booked a BOP deficit of $59 million in May, reversing the $241 million […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures rose to their highest in two weeks on Monday in a fourth consecutive session of gains, tracking other edible oils and on forecasts of lower end-stocks in Indonesia. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 0.2 percent to 2,488 ringgit ($581.85) a tonne at the close […]
Read MoreThe Agricultural Bank of China in Yunnan province recently froze more than 100 accounts of Myanmar citizens, a trader in Muse, Shan State, who was one of those affected, has told The Myanmar Times. The bank took the action on June 14 and 15 against Myanmar accounts that were being used to transfer payments between Chinese […]
Read MoreThe Commerce Ministry is maintaining its 2017 export growth target of 5% amid gripes from some quarters in export sector about the stronger baht. Commerce Vice-Minister Winichai Chaemchaeng said that while the baht continued to rise further against the US dollar, the strengthening of the currency has so far had minimal impact on total Thai […]
Read MoreThe Hanoitimes – Vietnamese exporters are using foreign central buying agencies to introduce their products to market abroad. Goods selling and promoting At the ongoing Vietnamese and Hanoian Commodities Week taking place in Aeon Lake Town trade center, 36 enterprises from Hanoi and other 19 cities and provinces nationwide showcase in 50 booths garment and […]
Read MoreA new project financed by the World Bank aims to bolster Myanmar’s capacity to respond to disaster risks. The Myanmar Southeast Asia Disaster Risk Management Project (DRMP), led by the World Bank, will allocate US$116 million for financing initiatives to strengthen institutional capacity and minimise disaster risks, according to the press statement from the World […]
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