by VF | Jul 17, 2022 | ASEAN, Business, Economy, News, Southeast Asia
Indonesia has temporarily scrapped its export levy for all palm oil products until the end of August in an attempt to boost exports and ease high inventories, finance ministry officials say. The decision by the world’s biggest palm oil exporter could further depress...
by VF | Jul 3, 2022 | Asia, Business, Economy, News
On 2 July 1997, Thailand gave up the dollar peg and devalued the baht. Asia’s economic crisis – also known as the Tom Yam Kung crisis (วิกฤตต้มยำกุ้ง) – had officially begun. What did the Asian countries learn from this major event that started 25...
by VF | Jun 28, 2022 | Linkss, Asia, Business, Economy, News
Central banks in Asia are tapping into their stockpiles to bolster their weakening currencies against the rising US dollar. Thai reserves have slid to $221 billion as of mid-June. That is the lowest in more than two years. Monthly figures show that Indonesia’s stash...
