Gasoline consumption and imports in Indonesia, Asia’s largest importer of the motor fuel, could hit records this year as the nation recovers from COVID-related travel curbs, although growth is expected to slow slightly along with its economy. A spike in Indonesian imports would tighten the regional gasoline market and likely boost Asian refinery margins for […]
Read MoreThe Economic Intelligence Centre of the Siam Commercial Bank forecasts the CLMV countries, namely Cambodia, Laos, Myanmar and Vietnam, will gain a stronger growth momentum in 2023, but remain below its growth potential prior to the COVID-19 outbreaks. The rebound will be uneven across countries, depending on economic fundamentals and country-specific risks, the centre said […]
Read MoreVietnam is predicted to record a rise of 6.6% in industrial production in 2023, according to S&P Global Market Intelligence. S&P Global noted the Vietnamese manufacturing sector continued to face challenging business conditions in the opening month of 2023. Production and new orders continued to decline. That said, there were some signs of improvement in […]
Read MoreResidents, markets, and restaurants of Laos struggle to afford meat, particularly pork and beef, as prices continue to rise. According to a report by the Laos Statistics Bureau, pork prices increased from LAK 49,985 per kilogram in January to LAK 70,366 per kilogram in December of last year – a 40 percent increase. For addition, beef […]
Read MorePETALING JAYA: Malaysia’s manufacturing purchasing managers’ index (PMI) dipped to 46.5 in January 2023 from 47.8 in December 2022, “indicating a stronger moderation in the health of the sector,” says S&P Global. S&P Global Market Intelligence economist Usamah Bhatti said there were further signs in January that economic conditions in Malaysia remained muted, as challenging […]
Read MoreThailand has set a rice export target for this year of 7.5 million tonnes, slightly lower than the 7.69 million tonnes exported in 2022. According to Ronnarong Phoolpipat, director-general of the Foreign Trade Department, following consultation with the Thai Rice Exporters Association, the department found global demand for Thai rice remains strong this year. He said […]
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