India, China growing markets for shunned Russian oil
India has guzzled nearly 60 million barrels of Russian oil in 2022 so far, compared with 12 million barrels in all of 2021, according to commodity data firm Kpler. Shipments to…
Trade
WTO reform should keep developing members in mind: Chinese minister
China's Commerce Minister Wang Wentao added reform should promote economic globalization and promote the development of economic globalization in the direction of more openness,…
Currency peg stable, resilient: Hong Kong Monetary Authority chief
He also said that a key HKMA priority is launching in the second half of the year a pilot trade settlement system.
China ‘strongest partner’ in Philippines’ recovery: Marcos
According to Marcos, he will continue President Rodrigo Duterte’s “independent” foreign policy but he sees future ties between the Philippines and China “developing in…
Skyrocketing lumber prices push up costs of homes, furniture
Russia has banned the export of wood chips and veneer — plywood material that is used for house ceilings and walls — to Japan and other countries in retaliation for economic…
Filipinos to feel brunt of food crisis toward end-2022
According to a live tracker developed by international agricultural research center International Food Policy Research Institute, some 20 countries have imposed export…
We still suffer despite end of export ban: Palm oil farmers
Indonesian Palm Oil Association secretary-general Eddy Martono said producers were struggling to revive exports even though the government had approved permits for the shipment of…
More fish imports for Philippines as China blocks Filipino fishers
An alliance of fisherfolk said the shortage of fish was the byproduct of the government’s poor response to a continuing spike in oil prices and China’s blockade of traditional…
Customs agreement offers faster clearance for Singapore exports to Asean nations
The Mutual Recognition Arrangement, which will be signed by the 10 South-east Asian states later this year, aims to enhance supply chain security and facilitate trade in the…
Food supply a global issue too: Malaysia PM
He also added that the global supply chain was affected by the Ukraine-Russia conflict as well as Covid-19, resulting in world food prices rising by more than 30%.