Gold price continues to tumble in Nepali market
The decision to slash the duty on gold customs was made during a cabinet meeting on December 4. This move aims to address the imbalance caused by Nepal’s higher gold duty…
Economic Affairs
Customs Department braces for dumping of goods in Thailand, says chief
Theerat Atthanawanit, customs director-general, said the department expected more goods to flow into Thailand after Donald Trump takes office early next year as US president and…
NVIDIA to build AI research and data centres in VN
The research centre – officially called the Vietnam Research and Development Center (VRDC) – and the AI Data Centre will serve as platforms to help NVIDIA and its local…
Philippine inflation quickens to 2.5% in November
This comes on the back of higher food prices following the onslaught of powerful typhoons late in the season.
Singapore among preferred destinations for billionaires, with 47 in the country
Their combined wealth is at US$155.5 billion.
Bhutan’s economy projected to grow over 7 percent
The recovery of tourism and trade services, a vital part of the service sector, also contributed to the growth. On the demand side, an increase in non-hydro exports and consumer…
Marcos-Duterte feud seen as major economic risk ahead of 2025 elections
Japanese investment bank Nomura noted that the feud is one of several risks to the economy, alongside weaker global growth, rising tensions in the West Philippine Sea, and surging…
Vietnam rises to the top 11 largest exporters globally; trails only Singapore in ASEAN
According to the World Trade Organisation, the country has advanced significantly in import-export rankings.
Korean won hits 2-year low after President Yoon declares martial law
The Korean won sharply dropped right after President Yoon’s declaration at around 10:30 p.m. By 10:53 p.m., it depreciated to 1,430.0 won, down 28.7 from the previous day.
India’s Darjeeling tea industry seeks financial revival package
While domestic tea prices have shown an upward trend recently, the sharp decline in production has neutralised the gains, adversely impacting earnings. The minister acknowledged…