Despite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, Cambodia showed strong growth prospects for the next several years, according to the World Bank’s latest report. The latest Global Economic Prospects report from the World Bank, titled “Weak Investment in Uncertain Times,” looked back on the previous year […]
Read MoreTrade liberalisation under the ASEAN Free Trade Agreement (AFTA) cost Cambodia $150 million in lost tariff revenue last year, with the losses projected to climb further in the coming years as the Kingdom phases out tariffs on goods originating within the 10-member economic bloc, a customs official said yesterday. Kun Nhem, general director of the […]
Read MoreRice prices in India rose on a revival in demand from African and Asian buyers while markets in Thailand and Vietnam remained quiet, traders said on Wednesday. India, the world’s biggest rice exporter, saw its 5-percent broken parboiled rice quoted at $346-$350 per tonne this week, up from $341-$345 last Wednesday. The rise in prices […]
Read MoreKUALA LUMPUR: The ringgit opened higher against the US dollar today after US President-elect Donald Trump made some vague pronouncements over the country’s fiscal policy, a dealer said. At 9 am, the ringgit was quoted at 4.4620/4660 versus the greenback compared with 4.4700/4730 on Wednesday. The dealer said the long-awaited news conference somewhat disappointed market […]
Read MoreJAKARTA: Indonesia’s finance ministry, which recently cut its business ties with JPMorgan Chase & Co , announced new rules that require primary bond dealers to “safeguard” their partnership with the government and avoid conflicts of interest. The regulation is likely to add to analysts’ concern about moves to strike back over unfavourable investment commentary after […]
Read MorePETALING JAYA: The World Bank expects Malaysia’s economy to grow by 4.3% this year as adjustments to lower energy prices ease and commodity prices stabilise. This compares to the government’s expectations for the economy to grow by 4% to 4.5% this year. Malaysia’s economy expanded 4.3% in the third quarter last year and economists expect […]
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