TEMPO.CO, Jakarta – The high price of oil in global markets serves as a momentum for the Indonesian government to evaluate domestic refinery projects. Moreover, state oil and gas company Pertamina has just adjusted the price of non-subsidized vehicle fuels and LPG. These steps were taken amidst the rupiah depreciation against the US dollar, creating risks of raising the import […]
Read MoreVietnam sent the highest number of visitors to Cambodia in the first half of this year after its neighbor lifted all Covid restrictions, including pre-departure tests. There were 143,300 Vietnamese tourists visiting Cambodia during the January-June period, up more than 20 times year-on-year, according to statistics from the Cambodian Ministry of Tourism. The figure accounted […]
Read MoreDomestic passenger traffic is expected to pick up this month as airlines begin to increase flight frequencies in response to the loosening of travel restrictions, according to the Aeronautical Radio of Thailand (Aerothai) and the International Air Transport Association (Iata). Both organisations noted the pace of recovery is consistent with global trends. According to Aerothai […]
Read MoreMANILA, Philippines — The Philippine food and beverage (F&B) retail sector is projected to expand by six percent this year as the economy continues to reopen, according to the United States Department of Agriculture (USDA). In a report, the USDA’s Foreign Agricultural Service (FAS) said it expects a six percent sales growth in the Philippines’ […]
Read MoreThai retailer Central Retail Corporation has unveiled a five-year plan to invest more than 30 billion THB (829.34 million USD) to expand its operations in Vietnam. Olivier Langlet, Chief Executive Officer of Central Retail Vietnam, said between 2022 and 2026, Central Retail Vietnam aims to become a multi-channel platform and the leading food and commercial […]
Read MoreThe baht opened at 36.22 to the US dollar on Tuesday, weakening from Monday’s close of 36.18. The currency is expected to move between 36.15 and 36.35 during the day, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the baht is likely to fluctuate and weaken as the dollar is strengthening and investors are […]
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