Gold prices reversed from USD1900 /oz last week after sharp falls for many days. This week, we forecast the trend will be trapped from USD1900 – USD1960 /oz in consolidation. Mixed trading is expected…
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Weekly Rubber Report – 21 Mar 2022
Market Fundamentals: The U.S. Federal Reserve raised 0.25 percent in FED Fund rates last Thursday morning (Asia hours) for the first time since 2018. Commodity prices retreated while Crude prices also…
Malaysia pioneers large-scale solar project
Malaysia’s government plans to increase the share of renewable energy in its installed capacity to 31% in 2025 and 40% in 2035 under its power generation plan, according to the Malaysian Investment De…
Significant milestones open up tourism in Vietnam
January 1: Pilot restoration of international flight routes In late 2021, Vietnam planned to restore international routes on January 1. At that time, the official document of the Ministry of Health, r…
Malaysia’s Trade In February Rose 17.5% To RM184.75 Billion
Malaysia trade for February rose by 17.5% to RM184.75 billion compared to February 2021, the 13th consecutive month of double-digit growth. Exports surpassed RM100 billion marks for the first time for…
Thailand to buy power from Mekong River dams in Laos
Laos is set to sign agreements with Thailand to sell electricity from three dams being built on the Mekong River, despite opposition to the projects’ construction voiced by villagers and NGOs, accordi…
World Bank supports Bangladesh farmers vulnerable to climate change
Bangladesh and the World Bank have signed a 120 million US dollars financing agreement to help improve the irrigated agricultural and fisheries production and increase the incomes of 170,000 poor peop…
Asean Today – Mar 2022
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Ukraine Crisis Could Disrupt ASEAN Countries’ Domestic Price Stability
Indonesian President Joko Widodo notified his citizens of the disruption in domestic price stability due to the Ukraine crisis. He also pressed how long the government could maintain local fuel prices…
IMF chief Georgieva says Ukraine war to lower global growth forecast
The war in Ukraine and massive sanctions against Russia have triggered a contraction in global trade, sending food and energy prices sharply higher and forcing the International Monetary Fund to lower…