JAKARTA: Indonesia, a resource-rich country but also one of the world’s top importers of wheat and sugar, is boosting production of staple crops as the Covid-19 pandemic and war in Ukraine expose risks in its food supply chain.Already the biggest palm oil producer, the South-East Asian nation is trying to increase output of corn and […]
Read MoreVietnam had spent nearly US$6 billion importing 5.65 million tonnes of petroleum of all kinds as of August 15, up 150% in value year on year, according to the General Department of Vietnam Customs. Petroleum businesses imported 651,000 tonnes worth US$736 million in July alone, representing an increase of 5.4% in volume but a fall […]
Read MoreThe Chinese-funded enterprises have played an important role in improving local people’s livelihood in Cambodia, according to the results of a new survey released this week. Entitled “China in Young Eyes,” the survey was conducted in 2021 by the Center for Cambodian Studies at Beijing Foreign Studies University and the 21st Century Maritime Silk Road […]
Read MoreMANILA, Philippines — The Philippine government plans to tap the international debt market anew this year to raise more cash for its programs and projects, according to a report. Citing a person familiar with the matter, Bloomberg reported on Monday that the government would sell more foreign bonds this year in a bid to raise […]
Read MoreSINGAPORE (BLOOMBERG) – Malaysia’s ringgit is headed towards a test of support at its 2017 low as oil prices slide, opening the door to the currency tumbling to levels last seen during the Asian financial crisis. The ringgit has been in steady decline since the first quarter – even as prices for the country’s commodity […]
Read MoreWhile the Thai economy had been pressured by global geopolitical tensions leading up to the National Economic and Social Development Council’s decision last week to revise down the upper range of its growth forecast to 3.2% from 3.5%, the business sector also has to keep a close eye on the stormy domestic political climate as it could […]
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