The Indonesian government has again postponed the start of a carbon tax scheme, which was set to be implemented by 1 July, citing global risks stemming from Russia’s invasion of Ukraine. This is the second time the new tax scheme has been delayed. It was originally set to begin in April this year but was moved […]
Read MoreExport prices have been escalating in all markets and hitting new records in the US. Vietnam’s catfish export turnover is expected to reach $2.6 billion this year, the highest in history. In mid-2021, the Covid-19 pandemic broke out in southern Vietnam, causing disruption to the catfish industry. The situation got worse in Q3/2021, when catfish […]
Read MoreAMID increased awareness of payment default risk, businesses in Singapore have seen an “alarming” 50 per cent increase from 2021 in bad debts that could not be collected, credit insurance provider Atradius said in a Tuesday (Jun 28) press release. The June 2022 edition of the Atradius Payment Practices Barometer survey also reported that in […]
Read MoreSINGAPORE (BLOOMBERG) – After years of building their foreign-exchange reserves, central banks in Asia are tapping their stockpiles to bolster their weakening currencies against a rising US dollar. Thai reserves slid to US$221.4 billion (S$306.8 billion) as at June 17, in data released late last week. That was the lowest in more than two years. Monthly […]
Read MorePETALING JAYA: Barely three days after Malaysia reported its highest food inflation in 11 years, economists are warning consumers to brace themselves for higher inflationary pressure in the coming months. There is also further bad news. Alongside the higher prices, Malaysians also need to endure increased borrowing costs ahead, as the central bank is likely […]
Read MoreWith interest rates set to rise in the second half of the year, increased household debt could deal a heavy blow to the Thai economy, weakening consumer purchasing power and slowing economic growth, according to KKP Research. Thailand’s household debt now exceeds 90% of Thai GDP, ranked 11th-highest in the world, as households struggle to […]
Read More
Thailand
