[KUALA LUMPUR] Malaysian tech firm DiBiz launched the world’s first online marketplace for sustainable palm oil on Tuesday (Mar 8) to encourage sales of products certified as environmentally compliant as buyers have avoided the more expensive goods. The trading platform, called Trustparent Marketplace, will link palm oil buyers and sellers across the supply chain and […]
Read MoreMANILA, Philippines — Domestic shipping cost is expected to rise from 15 to 25 percent as fuel prices continue to soar, according to shipping associations. Philippine Liner Shipping Association (PLSA) president Mark Parco said during a House fuel ad hoc committee hearing yesterday that Brent crude has risen by over 50 percent from the January […]
Read MoreEnrico Tanuwidjaja, Economist at UOB Group. comments on the impact of the ongoing Russia-Ukraine conflict on Indonesian GDP and inflation. Key Takeaways “Russia-Ukraine ongoing tensions will have a very limited direct trade impact to Indonesia.” “However, higher oil prices and correspondingly fuel prices as well as some basic raw food items could result into significant […]
Read MoreTravel in Asia-Pacific is trailing the rest of the world and should expect a bumpy recovery, a Booking.com executive said on Monday, as countries in the region have been slower to open borders than other destinations. With North Asian countries still largely restricting entry and Southeast Asian countries reopening cautiously, the region’s tourism recovery will […]
Read MoreCambodia’s economic growth is projected at 5.6 percent in 2022, reflecting national progress towards herd immunity against COVID-19, underpinned by vaccination rates that rank among the best globally and that have motivated the government to allow the full restoration of socio-economic activities. Prime Minister Hun Sen has considered the COVID-19 vaccines as “economy”, driving the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) sees inflation accelerating and breaching the two to four percent target under a worst-case scenario wherein global oil prices would return to 2018 elevated levels due to the ongoing Ukraine-Russia conflict. BSP Governor Benjamin Diokno said inflation may accelerate from 4.4 to 4.7 percent if Dubai […]
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Thailand
