Despite seeing a significant decrease in oil and gas and consumer goods imports, Indonesia posted a US$1.16 billion trade deficit in January 2019 because of slower exports and low commodity prices. Exports decreased 3.24 percent month-to-month (mtm) and 4.7 percent year-on-year (yoy) to $13.87 billion because of a 29.3 percent mtm decrease in oil and gas exports to $1.24 billion. Meanwhile, imports went […]
Read MoreWith weaker global growth and a downturn in the electronics trade cycle, Asean markets must rely on domestic demand to drive growth in 2019 — though the effectiveness of this driver will vary across countries, said HSBC economists in a note on Feb 13. Regardless of how trade tensions between the United States and China […]
Read MoreTrust and relationship building between investors and entrepreneurs is really important to grow a start up or a business. Daw Thiri Thant Mon, Myanmar representative for the UK’s development finance institution CDC Group said entrepreneurs should see investors as a partner. “Try to ensure win-win situations, good partnerships will help not just finance, access to […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures jumped more than 1 percent in the second half of trade on Thursday, ending the day higher on expectations of slowing February output in line with seasonal trend and improving exports. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was up 1 percent at 2,272 ringgit ($557.68) a tonne […]
Read MoreTRANSPORT Minister Arkhom Termpittayapaisith is confident of completing the bids for the remaining 12 separate contracts of the Thai-Chinese high-speed rail project, with the first phase running from Bangkok to Nakhon Ratchasima, in March this year. Arkhom said, after chairing a meeting of the committee on the Thai-Chinese high-speed rail scheme yesterday, that the State […]
Read MoreSINGAPORE: Singapore‘s economy grew at its slowest pace in more than two years in the fourth quarter, data showed on Friday, as the trade ministry warned manufacturing is likely to see a “significant moderation” this year. Weakening growth momentum for Singapore‘s open economy – a high-tech manufacturing base and transportation hub – underscores the risks to Asia’s export economies from the protracted U.S.-Sino trade war. “The pace of growth in the […]
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Thailand
