Malaysia's exports rebounded by 1.5 percent to 67.58 billion ringgit (16.3 billion U.S. dollars) in August, recording the highest figure so far this year while improving from the 5.5 percent decline in July, latest figures showed Friday.
The rebound was supported mainly by higher exports to some of Malaysia's major trading partners including India, members of Association of Southeast Asian…Read more
The value of investment between New Zealand and the United Kingdom has risen since the UK voted to leave the European Union and the value of UK sterling plunged, the New Zealand government statistics agency said Friday.
Britons voted for "Brexit" on June 23 a process Prime Minister Theresa May plans to complete by March 2019 and the British pound…Read more
Run by the Ports Development Company, KAP is the Kingdom’s first port to be fully owned, developed and operated by the private sector.
A report issued in 2016 by Container Management magazine, a British global publication specialized in ports, navigation, maritime transportation and container handling, showed that King Abdullah Port (KAP) is ranked by far the fastest growing of any…Read more
The Chinese yuan's inclusion in the International Monetary Fund (IMF)'s Special Drawing Rights (SDR) basket from Oct. 1 is crucial for the currency's globalization, said an Argentine economist.
In an interview with Xinhua, Jorge Castro, director of the Institute of Strategic Planning in Buenos Aires said the yuan is the only currency in the SDR that comes from a developing…Read more
The World Bank sees Thailand's GDP picking up to 3.1 percent in 2016, due to the healthy growth of tourism and government stimulus policies, local media Thursday reported.
The World Bank is the latest major global institution to revise upward its forecast for Thailand's economic growth for this year, up from its forecast of 2.5 percent in June.
Kiatipong Ariyapratya,…Read more
Ukraine is seeking ways to bolster its economic and trade cooperation with the United States in the agricultural sector, the Ukrainian Agriculture Ministry said on Thursday.
"We are interested in simplifying access of some Ukrainian agricultural goods to the U.S. market, expanding the range of Ukrainian agricultural exports and further deepening the bilateral cooperation between our countries," Olga Trofimtseva, Ukraine's…Read more
Saudi-based economists see a crucial role for the Kingdom and Russia in rebalancing the energy markets as US oil prices rose above $50 a barrel in New York Thursday for the first time since June.
Prices gained strength as Algerian Energy Minister Nouredine Bouterfa said that OPEC could cut production at its late-November meeting in Vienna by another 1 percent…Read more
It’s around about now that liquefied natural gas (LNG) spot prices usually start rising in Asia ahead of winter demand, and this year looks set to hold to the pattern, although any relief for producers is likely to be short-lived.
While the LNG market is heading for structural oversupply next year, and for several years thereafter, there are several short-term…Read more
China and Georgia have finished substantive negotiations on a bilateral free trade agreement (FTA), according to the Chinese Ministry of Commerce (MOC).
The MOC and Georgia's Ministry of Economy and Sustainable Development signed a memorandum of understanding to mark the conclusion of China's first FTA substantive negotiations in Eurasia.
The FTA negotiations started in December 2015, and underwent three official…Read more
International Monetary Fund officials sought to play down the risk of an imminent crisis over Deutsche Bank and expressed confidence that German and European authorities were working to ensure stability.
Deutsche has been engulfed by a crisis of confidence since the US Department of Justice demanded up to $14-billion last month to settle claims that Deutsche missold US mortgage-backed securities…Read more