Malaysia’s wholesale, retail trade grows 6.6% in May on July 13, 2023Malaysia’s wholesale and retail trade recorded monthly sales value of 138 billion ringgit (29.68 billion U.S. dollars) in May, up 6.6 percent year-on-year, official data showed Wednesday. The Department of Statistics of Malaysia (DOSM) said in a statement that the growth was attributed to the motor vehicles sub-sector, which surged 22 percent to 17 billion […]
Philippines’ FDI net inflows dip by 14% in April on July 11, 2023Foreign direct investment (FDI) that flowed into the Philippines dropped by 14.1 percent in April 2023 to reach 876 million U.S. dollars from the 1 billion dollars net inflows in April 2022, the Philippine central bank said on Monday. The Bangko Sentral ng Pilipinas (BSP) attributed the decline in FDI net inflows in April to […]
Lebanon’s jewelry, fashion expo sees revival of luxury demand on July 9, 2023The high demand demonstrated at the ongoing jewelry and fashion expo in Lebanon boosts confidence in the sales prospects of the country’s designer fashion in the summer season. Over 35 Lebanese fashion and jewelry designers participated in the Jewels of Beirut Expo 2023, underway from July 5th to 8th in the Lebanese capital. Victor Azar, […]
New energy industry in SW China’s Guizhou logs steady expansion on July 9, 2023Southwest China’s Guizhou Province has seen a robust expansion in the new-energy sector amid efforts to ramp up energy production and storage and promote green development, an industry report showed. In the first quarter of this year, the industrial output of Guizhou’s new-energy battery and material sector was about 20.38 billion yuan (about 2.83 billion […]
China’s railway investment up in H1 on July 9, 2023Fixed-asset investment in China’s railways expanded 6.9 percent in the first six months of this year as the country steadily advanced railroad construction, industry data showed. Total fixed-asset railway investment came in at 304.9 billion yuan (about 42.3 billion U.S. dollars), data from China State Railway Group Co., Ltd. showed. The group said it has […]
China-Europe freight train trips up in H1 on July 7, 2023China-Europe freight train services saw steady growth in the first half (H1) of this year, official data showed Thursday. The number of China-Europe freight train services increased by 16 percent year on year to 8,641 trips during the January-June period, according to the China State Railway Group Co., Ltd. Some 936,000 20-foot equivalent units (TEU) […]
U.S. dollar ticks up on Fed’s signal to raise rates on July 7, 2023The U.S. dollar strengthened on Wednesday after the Federal Reserve signaled determination to raise interest rates after the pause in June. The dollar index, which measures the greenback against six major peers, was up 0.32 percent to 103.3727 in late trading. According to minutes for June’s meeting of the Federal Open Market Committee issued on […]
Chinese battery maker starts construction of plant in Thailand on July 6, 2023Chinese battery manufacturer SVOLT held a groundbreaking ceremony on Wednesday for its first plant in Southeast Asia, aiming to tap into the region’s rapidly growing electric vehicle (EV) market. Situated in eastern Thailand’s Chonburi province, the module pack factory is expected to produce 60,000 sets of module packs annually, following its completion in early 2024. […]
Vietnam exports 4.2m tons of rice in H1 on July 6, 2023Vietnam earned 2.3 billion U.S. dollars from exporting 4.2 million tons of rice in the first half of this year, local media reported on Wednesday, citing the Ministry of Agriculture and Rural Development. Its largest rice importers include the Philippines and China, according to the ministry. Vietnam will export more rice to the Philippines, which […]
Mega green hydrogen project begins operations in China’s Xinjiang on July 4, 2023China Petrochemical Corporation (Sinopec Group), China’s major oil refiner, on Friday announced that its 20,000-tonne-per-year green hydrogen plant in northwest China’s Xinjiang Uygur Autonomous Region has begun operations. The new plant in Xinjiang’s Kuqa City is China’s first 10,000-tonne-level photovoltaic-based hydrogen production project. It is expected to set an example for the industry to realize […]