Vietnam’s animal feed imports jump to $3.1 billion
Domestic production has met about 37 per cent of the demand from the animal feed industry, so in past years, Vietnam had to import a huge amount of corn and soybeans.
Economic Affairs
Philippines to expect high jobless rate as 1.5 million join labour force in 2023
The expected increase in the labour force would be mainly due to the economic recovery that would lead more sectors to reopen from previously stringent Covid-19 lockdowns.
Won weakens further despite warning against speculation
The depreciating won is a headache for households too, who may have to refinance their budget to respond to soaring food import costs.
Peso continues slide, drops past 56:$1
The peso continued to weaken even after the central bank announced an increase in policy rates by 0.5 percentage points, two trading days ago.
Busy night market boosts economic recovery
The car trunk bazaar, with products carried in car trunks, attracts young people and promotes development of the night economy.
More room for China to back real economy: Experts
An economist said China's monetary policy will have greater room to support the real economy as spillover effects of the Fed's tightening fade with reduced capital outflow…
Oil prices tumble as China economy stutters
China's central bank slashed key interest rates in a surprise move as a raft of data showed weakness in the world's second-largest economy.
China’s Li Keqiang urges economic powerhouses to consolidate recovery
He also stressed efforts to shore up market entities, stabilize employment and prices, and guarantee people's livelihoods.
Over 60% of Japan firms negatively impacted by weak yen: Survey
With rising prices putting pressure on household finances, 61% of firms responded that they “plan to raise wages in the future.”
Surprise rate cut to help China solidify economic rebound
Thanks to the cuts, the country's loan prime rates are likely to see reductions this month, experts said.