Palm oil prices to fall more due to distress selling by Indonesia
Indonesia's domestic crude palm oil prices also suffered because of the immense oversupply and difficulties in restarting exports.
Economic Affairs
Bongbong Marcos team presents 8-point economic agenda
Finance Secretary Benjamin Diokno added that the administration would invest heavily in infrastructure, human capital development and the digital economy.
Seoul to turn Yongsan‘s idle land into tech complex, transportation hub
The Seoul city government currently aims to start constructing infrastructure in 2024 and begin the development of the main sector in 2025.
Vietnam’s banks capitalise on trade success of UKVFTA to boost lending
The free trade agreement has already helped Vietnam’s exports to the UK surge by 16.4 per cent year-on-year to US$5.7 billion in 2021.
Impose VAT on digital service providers: Bongbong Marcos
He said that imposing VAT on digital service providers was projected to generate P11.7 billion in income for the government.
Management of GLC-owned shopping malls to be reviewed: Malaysia PM
He said this was aimed at raising Bumiputera's socio-economic status and the involvement of Bumiputera entrepreneurs at shopping malls.
Global rate raise: Asian central banks forced to play catch-up
Asia has lagged as the rest of the world, including emerging markets, began lifting rates as early as last June.
RMB retains 5th spot as currency for global payments
The value of RMB payments also increased by 6.61 per cent compared to May 2022.
‘Panic’ in Pakistani markets as rupee slides further against US dollar
Besides the 18 per cent dip in currency value since last December, Pakistan faces economic turmoil, with fast depleting foreign reserves and widening fiscal and current account…
Thai lenders step in after Myanmar blocks foreign currency repayment
Thai businesses have been advised to seek funding sources in Thailand or other countries after the Central Bank of Myanmar suspended loan repayment in foreign currencies.