KUALA LUMPUR: Thailand, Indonesia and Malaysia’ pledge to withhold exports of 350,000 tonnes of natural rubber (NR) until March 2018 comes into immediate effect on Thursday. The three countries will also push ahead with greater domestic consumption of the commodity, according to the Bangkok-based International Rubber Consortium Ltd (IRCo). The IRCo said the withholding of […]
Read MoreThe government’s forecast for inflation this year is 0.6-1.6% on expected increases in oil prices after 2017 saw inflation of 0.66%. The state welfare scheme, relatively high household debt and lower farm prices are expected to keep a damper on inflation prospects. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said the forecast […]
Read MorePhillipines-based dried fruit exporter Profood International has begun construction of a new factory in Cambodia that, when completed, should see 4,000 tonnes of mangoes dried annually, according to Philippine news outlet Sun Star. Justin Uy, Profood founder and president, told Sun Star the 11-hectare plant was expected to begin operations in 2019, and that all […]
Read MoreThe Hanoitimes – The Minister of Transport recently requested the Directorate for Roads of Vietnam to take the decision by the European Court into consideration when managing Grab and Uber’s operations in Vietnam. As the European Court of Justice has ruled that Uber should be regulated as a transportation company, the Minister of Transport Nguyen Van […]
Read MoreTour operators have called for the government to remove a number of barriers they are facing in order to boost the industry and increase tourist arrivals. One of their main complaints is that they have to apply for permission from the tourism sector and the police in charge of tourism affairs before bringing in their […]
Read MoreKUALA LUMPUR: The ringgit opened lower against the US dollar today with the subdued global oil prices having an impact on investors’ appetite for the local note. At 9 am (0100gmt), the local unit stood at 4.0210/0240 against the greenback from 4.0130/0180 at the close Wednesday. The benchmark Brent crude traded at US$67.83 a barrel, […]
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Thailand
