KUALA LUMPUR: The Malaysian Institute of Economic Research (MIER) has revised downwards the country’s 2018 gross domestic product (GDP) growth forecast to 4.7% from an earlier 5.5%. Executive director professor Zakariah Abdul Rashid said the lower target was due to a moderation in global demand and over-reliance on private consumption, amid weakened investment activities to […]
Read MoreMANILA, Philippines — Airline passengers could see even higher fares in the next two months should local airlines opt to increase the fuel surcharge. The Civil Aeronautics Board (CAB) said passenger fuel surcharge for domestic and international flights from Nov. 1 to Dec. 31 would increase to Level 4, which means additional cost of between […]
Read MorePRICE STABILITY and government subsidies are two key challenges facing international rice trade, experts say. “On the issue of how much countries can rely on imports of rice alone to sustain their population, I would say that large countries like India need to achieve self-sufficiency,” said Ashok Gulati, former chairman of the Commission for Agricultural […]
Read MoreKUALA LUMPUR: Malaysia’s economy is expected to grow at a slower pace of 4.7% in 2018 from 5.9% last year, according to Allianz Group. The German-based insurer and asset management company forecast the gross domestic product (GDP) of Malaysia would decelerate further to 4.6% in 2019 amid a challenging external environment and fiscal consolidation initiatives […]
Read MoreThe Hanoitimes – As the Chinese yuan (CNY) is expected to continue sliding, the Vietnamese dong (VND) could in turn see it value lost by a further 0.5-1 percent toward the year end, requiring the central bank to be more flexible with its FX policy. The weakness of the Chinese currency seen in the past months […]
Read MoreCommerce Minister Sontirat Sontijirawong has urged commerce attaches to prepare for a global trade war, which he said is likely to intensify next year. “It [trade war] will be more intense next year, and we must assess its impact on the country,” said Mr Sontirat to the directors of the Office of Commercial Affairs for […]
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Thailand
