MANILA, Philippines — The Philippine economy is expected to remain strong and weather the global economic slowdown, even as inflation is seen to remain above six percent for much of the second half of the year, according to First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P). “Overall, we see […]
Read MoreMilitary-ruled Myanmar plans to import Russian gasoline and fuel oil to ease supply concerns and rising prices, a junta spokesperson said, the latest developing country to do so amid a global energy crisis. The country has maintained friendly ties with Russia, even as both remain under sanctions from Western countries — Myanmar for the military coup that […]
Read MoreJAKARTA : Indonesia reported a current account surplus of $3.9 billion, or 1.1 per cent of its gross domestic product in the second quarter, much higher than the 0.1 per cent surplus in the previous three months, according to a central bank report released on Friday. The country also reported a $1.1 billion deficit in […]
Read MoreKUALA LUMPUR: Malaysia’s total trade continued to trend higher, expanding 39.8% year-on-year (y-o-y) in July 2022 with double-digit increases in both exports and imports. According to a statement by the Ministry of International Trade and Industry (Miti), the country’s exports increased 38% to RM134.07bil while imports expanded 41.9% to RM118.58bil for a total trade value […]
Read MoreVietnam is now ranked 7th and 5th worldwide in terms of tea production and exports, respectively. According to the Ministry of Agriculture and Rural Development, the nation has 123,000ha under tea trees, capable of producing 1,02 million tonnes of fresh tea buds. Vietnamese tea products are exported to 74 countries and territories, including Pakistan, China, […]
Read MoreTrinity Securities expects global inflation, including Thai inflation, to peak in the third quarter of this year while the country’s interest rate is set to rise by another 0.75% over the next 12 months to 1.5% in mid-2023. Visit Ongpipattanakul, managing director of Trinity Securities, said Thailand’s core inflation would potentially increase to 3% in August, […]
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