China’s Xi pledges to purchase more rice from Cambodia
The Chinese president also said that China will import other agricultural products such as bananas, mangoes and longans to help alleviate poverty in Cambodia.
ECONOMIC AFFAIRS
China sees largest oil price increase in nine years
Currently, when international crude oil prices change by more than 50 yuan per ton and remain at that level for 10 working days, the prices of refined oil products are adjusted…
India’s maize exports at an all-time high of US$816.31 million in current fiscal year
Neighbouring countries like Bangladesh and Nepal are the major importers of maize from India.
Indonesia raises palm oil export levies
The two ministerial regulations mark a shift in the government's strategy of stabilizing domestic cooking oil supplies from using regulatory restrictions to using market…
Malaysia’s rubber market set to continue cautious trading
Despite the positive natural rubber outlook in 2022 and upbeat United States manufacturing data, industry players have remained cautious over the ongoing Ukraine-Russia peace…
Vietnam’s rice exports signal a favourable year in 2022
Experts forecast both rice output and consumption in the global market would increase this year.
Two Indonesian mothers lost their lives just for a few bottles of cooking oil
After insisting that there was an abundant stock of cooking oil across the country, the government eventually bowed to the pressures of palm oil businesses to follow the market…
Philippines braces for spillover impact of Russia sanctions
The World Bank said Philippine authorities should watch out for the extent that the Russia-Ukraine conflict will contribute to a further increase in energy and food inflation.
Covid-19 sends 4.7 million people into extreme poverty in Southeast Asia
The Asian Development Bank said there were 9.3 million fewer employed workers in Southeast Asia in 2021 as Covid-19 curbs reduced economic activity, leaving millions without work.
E-commerce delivery, manufacturing in S’pore may be hit by Shenzhen lockdown
The southern port city, which is also China's tech and manufacturing hub, was placed under a seven-day lockdown from Sunday (March 13) to contain the spread of Covid-19.