Sugar prices had all but collapsed after a 2017 ban on re-exporting to China left local traders in the lurch. However, prices have since stabilised as the glut lessened. More importantly, a larger number of domestic businesses have started producing sugar for local consumption. “Although sugar traders suffered huge losses due to the temporary ban […]
Read MoreThe Department of Trade and Industry (DTI) is expected to order retailers today not to raise the prices of sugar-sweetened beverages until January 15 as old stocks should not be affected by the implementation of the Tax Reform for Acceleration and Inclusion Act (Train). Trade Secretary Ramon Lopez told reporters that softdrink companies are confirming […]
Read MoreVietnam and Laos are two neighboring countries that boast a long-standing traditional friendship. Over recent years, hundreds of Vietnamese companies have made investment in Laos, generating more jobs, raising income for local people and changing the face of remote and difficulty-stricken areas. 12 years ago, Bachiang was one of the most poverty-ridden districts of Champasak […]
Read MoreKUALA 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 […]
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Thailand
