SINGAPORE has held the forecast for key exports in 2022, in the wake of downgrades to international economic and trade growth forecasts. The latest update came even as non-oil domestic exports (NODX) expanded by 12.1 per cent year on year in 2021, beating official estimates of a 9.5 per cent to 10 per cent increase. […]
Read MoreIf petroleum prices continue escalating, Vietnam will need to cut taxes and fees, in addition to using the petroleum price stabilization fund. Asked why on February 11, 2022 (and not February 1 as expected), the Ministry of Industry and Trade (MOIT) adjusted petroleum prices, Tran Duy Dong, Director of the MOIT’s Department of Domestic Market, […]
Read MoreThe value of bilateral trade between Laos and Cambodia jumped from US$10-20 million previously to more than US$100 million in 2020. The surge in trade growth was revealed when Lao Minister of Foreign Affairs Mr Saleumxay Kommasith paid an official visit to Cambodia and attend the Asean Foreign Ministers’ Retreat in Phnom Penh from February […]
Read More2nd fastest in ASEAN MANILA, Philippines — Moody’s Analytics has upgraded its gross domestic product (GDP) growth forecast for the Philippines from 5.6 percent to 6.2 percent this year as the country continues to recover from the impact of the pandemic. This will make the Philippines the second fastest-growing economy in the Association of Southeast […]
Read MoreThe government has increased retail fuel prices for the fourth bimonthly period in a row, as oil climbs towards $100 per barrel – a trend that has devastated the transport and private-hire sectors and other major petrol consumers ravaged by Covid-induced revenue losses for more than two years. The retail selling prices of fuel in […]
Read MoreSINGAPORE’S economy in 2021 grew 7.6 per cent year-on-year, even faster than an advance estimate of 7.2 per cent, according to data from the Ministry of Trade and Industry (MTI) on Thursday (Feb 17) morning. This is a turnaround from the previous year when Singapore saw its worst recession. In 2020, the economy contracted 4.1 per […]
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Thailand
