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Philippines may import more sugar

MANILA, Philippines — The country’s sugar production is expected to remain low, possibly requiring more imports for the country. An industry source privy to the matter said local sugar production is seen nowhere near recovery for the next crop year which will start next month. “Next year’s estimate is even lower than this year’s actual […]

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Various studies give Brunei thumbs up

VARIOUS studies and statistics covering a range of fields involving Brunei Darussalam were released in July. One such study is the Henley Passport Index – an annual ranking of the most powerful passport in the world, officially released in real-time each quarter. According to the Index, Brunei’s passport is ranked among the top three most […]

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Thailand sovereign risk little changed by explosions

S&P Global Ratings today said that the explosions in a few locations in Bangkok on August 2 do not materially affect sovereign credit risk for Thailand (foreign currency ratings: BBB+/Stable/A-2). These explosions are unlikely to have much impact on political stability, with the government continuing to have the support of much of the Thai establishment […]

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Indonesia expects palm oil concession from Moscow

Indonesia is expecting Russian President Vladimir Putin to continue providing favourable treatment when it comes to palm oil exports by dropping a plan to impose a higher import tariff for the key commodity. The Russian parliament approved a bill to impose a 20 per cent tariff – up from 10 per cent – on palm […]

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Why ordinary Singaporeans are spending faster than the rich

SINGAPORE: Singapore is Asia’s Monte Carlo, a playground of the wealthy. The city-state has two casinos, an annual Formula One race, and the third-highest concentration of ultra-rich individuals after Monaco and Geneva. It’s home not just to the “Crazy Rich Asians” caricatured in the eponymous movie but also, increasingly, Brazilian and British billionaires. Even the […]

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