Tag: Covid-19
International trade rises as commerce ministry lays out 2023 plans
Cambodia's commerce minister Pan Sorasak reports significant trade improvements in 2022, with foreign trade value reaching $52.425 billion. Imports and exports increased by 4.32% and 16.44% respectively, leading to a 20.60% reduction in trade deficit. The ministry focuses on reforms and enhancing business environment for continued growth.
Singapore core inflation cools while acceleration risks loom
Singapore's core inflation moderated to 2.2% in February, below expectations, but authorities warn of potential upside risks from geopolitical tensions and pandemic-related disruptions. The Monetary Authority of Singapore anticipates further inflation pressures in the near term.
Asia stocks extend losses as Ukraine war, China’s Covid-19 surge hit sentiment
Asian stocks fell on Tuesday as COVID-19 cases in China and ongoing Ukraine war concerns weighed on markets. MSCI's Asia-Pacific index dropped 1.97%, with Chinese stocks leading losses, reflecting broader economic uncertainties and potential demand disruptions.
