Thailand’s cross-border trade, including transit trade, fell by 4.88% year-on-year in the first nine months of 2020, spurred on by the pandemic and the slowing economy. The Commerce Ministry’s Foreign Trade Department reported on Wednesday that overall border and transit trade totalled 968.87 billion baht, with Malaysia registering as the biggest partner by value and […]
Read MoreOver 1.5 million units of Cambodian bicycles have been exported to foreign markets as of the third quarter of this year, generating nearly $400 million, according to figures from the Ministry of Commerce. From January to September this year, Cambodia exported half of million bicycles to the U.S. market, 360,000 others to Germany, while 270,000 […]
Read MoreState-owned airport operator Angkasa Pura (AP) I recorded 2.16 million passengers in October, a 16.9 percent increase from the month before, after the Transportation Ministry rolled out a stimulus program for the aviation industry. In addition to the passenger increase, AP I recorded a 10.9 percent month-on-month (mom) increase in air traffic in October to […]
Read MorePETALING JAYA: Bank Negara’s decision to keep the overnight policy rate (OPR) unchanged at 1.75% is positive for banks. It would provide a reprieve for banks’ net interest margin (NIM) – a measure of the difference between interest paid and interest received. Banks are already facing pressure on the bottomline from the 125-basis-point (bps) cut […]
Read MoreRoad Transport Administration Department (RTAD) announced that it will ease fines and other fees for overdue or expired vehicle licenses and driver’s licenses since the operations of the department have been suspended during the pandemic. The department will relax initial registration, overdue fines, and extension of vehicle licenses and driver’s licenses during the suspension of […]
Read MoreMANILA (XINHUA) – The Philippines’ total external trade in goods declined 9.2 per cent in September from a year earlier to USD14.14 billion, the Philippine Statistics Authority (PSA) said yesterday. This was lower than its previous month’s annual drop of 17.9 per cent and higher than the 3.5 per cent drop in September 2019, the […]
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