MANILA, Philippines — The Philippines continues to rely heavily on coal imports as it has consumed more imported coal than it produced last year, according to the Department of Energy (DOE). Government data showed the country used 33.12 million metric tons (MT) of coal last year. Of the total consumption, 26.98 million MT were from […]
Read MoreAs sporadic tensions flare over US-China trade, a fierce debate also continues at home, centred on whether Thailand should join a trade pact touted as creating the third-largest free trade area in the world. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a trade agreement involving a newly formed bloc of 11 Pacific […]
Read MoreThe Hanoitimes – Following the handover of the diplomatic note, the Vietnam – EU trade deal is set to take effect on August 1, 2020. Vietnam’s government representatives on June 18 handed over a diplomatic note notifying the passage by the National Assembly (NA) of both the EU – Vietnam Free Trade Agreement (EVFTA) and the […]
Read MoreThe Central Bank of Myanmar (CBM) has permitted local banks to restructure and reschedule existing loan repayments to help their clients, CBM Deputy Governor U Soe Min, told The Myanmar Times. While the economic impact of the COVID-19 pandemic has yet to be quantified, it is expected that businesses will bear the brunt of a decline […]
Read MoreThe Thai economy is estimated to shrink by 6.5% this year, eroding from a 4.8% contraction seen previously, as the coronavirus pandemic takes a toll on domestic consumption and investment and pummels outbound merchandise and services, says the Asian Development Bank (ADB). If the ADB’s forecast comes to pass, Thailand will have the deepest contraction […]
Read MoreBrunei’s retail sales performance in the first quarter (Q1) of 2020 increased to 4.3 per cent compared to the first quarter of 2019. This was stated in the Retail Sales Index (RSI) released by the Department of Economic Planning and Statistics (JPES) recently. JPES also released the Food and Beverages Services Index (F&BSI). The reports […]
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