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Laos to Seek Oil From Russia

A notice issued by the Prime Minister’s Office yesterday directed relevant ministries to seek cheap oil from Russia. The notice was in response to proposals by the Ministry of Finance and the Ministry of Industry and Commerce on ways to stabilize domestic fuel prices. According to the notice, the Prime Minister’s Office agrees with a suggestion to […]

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Vietnamese rice exports surpass US$1 billion

Vietnam’s rice exports during the initial four months of the year has rebounded impressively with the export value exceeding US$1 billion, according to the Ministry of Agriculture and Rural Development (MARD). Most notably, the price of local rice remains at a higher level than that of regional peers such as Thailand and India. April alone […]

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Thailand: Food shipments to grow 5%

Thai food exports are expected to grow by 5% this year after robust growth of 26% in the first quarter, driven by the Russia-Ukraine conflict and mounting concerns about food shortages in many countries. Visit Limlurcha, honorary president of the Thai Food Processors Association, said the war triggered growing concerns about food security in many […]

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Philippines: Forex buffer drops to $106.76 billion in April

MANILA, Philippines — The country’s foreign exchange buffer thinned slightly to $106.76 billion in end-April from the revised $107.31 billion in end-March, as the government spent more to pay its foreign obligations and fund its expenditures, according to the   Bangko Sentral ng Pilipinas (BSP). This was the country’s lowest gross international reserves (GIR) level in […]

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Thailand: Temper your expectations

On April 30, after the last inbound visitor went through the RT-PCR testing process at Phuket airport, it represented the culmination of a 10-month mission for the quarantine team at the terminal. Arrivals at Suvarnabhumi Airport on May 1, 2022, following the scrapping of the RT-PCR test requirement for vaccinated travellers. Wichan Charoenkiatpakul A new […]

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