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Singapore exports rocket, trade deficit turns surplus

Cambodian goods exports to Singapore reached $343.413 million in the first five months of 2023, up 508.3 per cent year-on-year from $56.451 million and up 1,313 per cent half-on-half from $24.31 million, tipping the trade balance for the January-May period in the Kingdom’s favour, provisional Customs (GDCE) data compiled in “International Merchandise Trade Statistics” bulletins […]

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Thai banks top Asean bad debt rankings

Thailand’s top three banks have combined non-performing loans (NPLs) of more than US$9.6 billion, the highest in Southeast Asia, but Thai banks overall still have a high level of reserves for bad debts, says the Federation of Thai Capital Market Organizations (Fetco). Fetco recently released its Capital Market Snapshot report entitled “Aspects in Stability of the […]

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Malaysia: Consumers to turn to expensive imported rice

PETALING JAYA: Padiberas Nasional Berhad (Bernas) should remove import surcharges on imported rice to temporarily offset its price increase, says Bumiputra Retailers Organisation president Datuk Ameer Ali Mydin. He said that rice is imported to supplement the existing shortage of locally produced rice. “More consumers will have to buy imported rice, which generally costs RM6 […]

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