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Strong exports have handed Indonesia a record-breaking trade surplus as global commodity prices rallied and export-oriented manufacturers took advantage of eased mobility restrictions.
THE ringgit started 2021 strongly at RM4.02 against the dollar. However, by end-May 2021, the ringgit had depreciated by 2.6% to 4.12, its eight-month low since October 2020.
NEW DELHI (The Straits Times/Asia News Network): India is picking up the pace of negotiations on free trade agreements (FTAs) with select countries and groupings, less than two years after opting out of the Regional Comprehensive Economic Partnership (RCEP), the world's largest trade deal.
SEOUL: South Korea’s exports accelerated in August, towed by solid demand for memory chips, petrochemicals and other major items, with the trade ministry seeing only a limited impact from the coronavirus Delta variant across the region.
PHNOM PENH (The Phnom Penh Post/Asia News Network): Bilateral trade between Cambodia and South Korea was worth $552.1 million in the first seven months of this year, growing by nearly 11 per cent on a yearly basis from $498.75 million, according to the Korea International Trade Association (Kita).
TOKYO: Japan’s exports marked a fifth straight month of double-digit growth in July, driven by US-bound shipments of cars in a positive sign for a trade-led economy, although a key gauge of capital spending fell for the first time in four months.
News highlights from Asean countries in the Star-AseanPlus section for Wednesday (Aug 18)
JAKARTA (Xinhua): Indonesia recorded 15 months of trade balance surplus in a row, with that in July reaching US$2.59bil, according to the Central Agency of Statistics on Wednesday. (Aug 18)
WHILE key indicators show recovering momentum in Malaysia’s economy for the first five months of 2021, it has become increasingly challenging to sustain growth, given the prolonged Covid-19 pandemic.