KUALA LUMPUR: Malaysia’s terms of trade showed positive growth in September 2022, rising 1.0 per cent month-on-month (m-o-m) to 113.0 points, and 6.8 per cent year-on-year (y-o-y) from 105.9 points in September 2021, said the Department of Statistics Malaysia (DOSM). In its External Trade Indices, September 2022 report, DOSM said this was contributed by the rises […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas is raising key policy rates by a huge 75 basis points (bps), matching the aggressive hike delivered by the US Federal Reserve, as a preemptive move to prevent the peso from depreciating further before the scheduled rate-setting meeting of the BSP two weeks from now. In a […]
Read MoreVietnam plans to grow 24,000 hectares of ginseng by 2030 and become the world’s largest ginseng producer by 2045. This is part of the Ministry of Agriculture and Rural Development’s (MARD) ginseng development program to 2030. Vietnam has a diverse and abundant source of natural medicinal plants with 5,000 species, including ginseng species with many […]
Read MoreSingapore is assessing the use of central bank digital currency (CBDC) for cross-border foreign exchange settlements with global partners, such as Swiss National Bank. It hopes the international collaboration will help identify potential governance structures, technical standards, and policies needed to support industry use cases. The Monetary Authority of Singapore (MAS) said its efforts here […]
Read MoreCambodia exported a total of $4,703 million worth of goods to the Regional Comprehensive Economic Partnership (RCEP) member countries in the first nine months of this year, an increase of six percent when compared with the same period last year. The export amount to RCEP countries accounted for 27.2 percent of the Kingdom’s total export […]
Read MoreE-commerce platform Lazada is committed to investing in its “mega shopping campaigns” to stimulate purchases amid economic headwinds, while pursuing offline entertainment activities to engage with high-spending groups, particularly Gen Z. According to the firm, Thailand’s online business-to-customer (B2C) segment is expected to make up 16% of the total retail market by 2025, up from 8% […]
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