The Purchasing Managers’ Index (PMI) report published by S&P Global shows the index rising to 53.3 in November, up from 51.2 the preceding month.
The palm oil sector could be a major contributor towards Malaysia’s goal of achieving net-zero emissions by 2050, rather than a liability, as mature oil palm plantations sequester substantial amounts of carbon dioxide (CO2).
ASEAN is China’s largest regional trading partner, with close to 1 trillion USD, Indonesian Ambassador to China Djauhari Oratmangun said, hoping the figure to surpass 1 trillion USD by the end of the year.
Thailand Vice Minister Dr. Kirida Bhaopichitr noted that trade can still proceed via sea and air routes, but she stressed that the urgent priority is to broaden Thailand’s trading partnerships.
AOT estimates that, with an average of 35 million passengers passing through its six airports annually, the increase in the PSC will generate around 10 billion THB in additional revenue per year.
ASEAN-China trade is on track to exceed $1 trillion this year, according to an Indonesian diplomat.
Indonesia’s shrimp exports to the United States have resumed after being halted over concerns of Cesium-137 contamination, with more than 5,200 tons shipped since early November.
Indonesia is set to boost its exports to Europe by more than 50 percent starting after the implementation of the IEU-CEPA (Indonesia Europe Union - Comprehensive Economic Partnership Agreement) trade deal.