Myanmar merchants who trade goods across the border with China say their country’s kyat has depreciated so much relative to the Chinese yuan that they are no longer able to stay in business. The traders typically export agricultural and fisheries products to China and import Chinese consumer and industrial goods and food products to Myanmar. […]
Read MoreIndonesia’s central bank hiked its key interest rate Tuesday for the first time in nearly four years to combat rising inflation stoked by the Covid-19 pandemic and war in Ukraine. Bank Indonesia raised the policy rate to 3.75 from 3.5 percent, a move that went against the majority of analysts’ predictions. Its two other main […]
Read MorePHNOM PENH, Aug. 24 (Xinhua) — The Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China Free Trade Agreement (CCFTA), which both took effect earlier this year, have significantly contributed to boosting Cambodia’s economic recovery, a senior official has said. Bun Chanthy, undersecretary of state at Cambodia’s Ministry of Commerce (MoC), made the remarks on Monday […]
Read MoreAmid global inflation, the super-rich are still pouring money into luxury real estate. In some Asian markets, for example, Singapore, house prices rose 4.1% in the first half of 2021 as Asian tycoons looked for a safe haven. The future of Asian cities In 2020, when The River Thu Thiem project (HCM City) opened for […]
Read MoreAN economist sees the Bangko Sentral ng Pilipinas (BSP) making one or two 0.25-basis-point key rate increases for the rest of 2022. Michael Ricafort, chief economist at Rizal Commercial Banking Corp. (RCBC), in a report dated Aug. 22, 2022, said the BSP would not hike the key rate by 0.50 or 0.75 in its next policy actions. […]
Read MoreCambodia has temporarily halted the imports and distribution of several brands of talc baby powder after asbestos has been detected in those products, the directorate-general of Consumer Protection, Competition and Fraud Repression (CCF) said on Tuesday. Those asbestos-contained products are marketed under brands like Johnson’s baby powder, Johnson’s blossoms baby powder, D-nee Kids Baby Powder, […]
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Thailand
