Lockdowns and panic food buying due to the coronavirus pandemic could ignite world food inflation even though there are ample supplies of staple grains and oilseeds in key exporting nations, a senior …
Michelin to suspend U.S., Canada tire production
Michelin North America Inc. has begun to idle some of its tire plants in the U.S. and Canada as part of a “phased” suspension of manufacturing that will last for at least two weeks. The mo…
Malaysia central bank has more room to flex monetary muscle
Malaysia’s central bank has the firepower to inject more cash into the banking system to boost lending and support growth, with another policy rate cut not being ruled out as authorities in the …
Myanmar Unveils $70-Million Stimulus Package to Ease Economic Blow From Virus
The Myanmar government has announced an initial stimulus package to cushion the impact of COVID-19 on the country’s economy, including 100 billion kyats (nearly US$70 million) worth of loans, eased de…
Cambodia Chooses Solar Energy Over Damming the Mekong River
Cambodia will not develop new hydropower dams on the Mekong River for the next 10 years, a senior energy official said on Wednesday. The announcement comes as Cambodia reviews its policy to seek solar…
10 promising European forestry tech startups to watch in 2020
Forests are not only the lungs of our planet, but they are also home to more species than any other terrestrial habitat on Earth. Balancing the preservation of these rich habitat structures with the s…
Covid-19 negative on palm oil demand and price — Analyst
While it remains unclear on how long the Coronavirus Disease 2019 (Covid-19) will persist, analysts believe it will likely be negative on palm oil especially if it lasts for a longer term period. “It …
How Bangladesh is developing without riches
On March 26, Bangladesh will celebrate its independence, marking the day in 1971 when the government of President Yahya Khan in Islamabad launched a murderous total war against his citizens in what wa…
Rubber glove makers to ramp up production
Malaysian rubber glove manufacturers will step up production as the Covid-19 pandemic rages across the world, according to the Malaysian Rubber Glove Manufacturers Association (MARGMA). In a statement…
Philippines seen achieving upper middle-income status this year despite COVID-19
Despite projections of slower domestic growth in 2020 as the COVID-19 pandemic takes its toll on the global economy, there’s no stopping the Philippines to climb to upper middle-income country status …