Latest Articles by Ishita Agarwal

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Hanoi’s OCOP program transforms local Agriculture

In Tráng Việt Commune, Mê Linh District, local farmers experienced uncertainty regarding their harvests due to fluctuating market conditions. However, the OCOP program has transformed their outlook. After achieving three- to four-star certifications, farmers now enjoy greater stability and confidence in their production. Đàm Văn Đua, director of Đông Cao Cooperative, reported that their cooperative cultivates 200 hectares, yielding 60,000 tonnes of vegetables annually. Since joining OCOP, 17 of their 18 evaluated products received three-star ratings, while one achieved a coveted four-star status. This recognition has not only stabilized their market access but also increased product value, allowing the cooperative to collaborate with a South Korean company for export-ready processing.

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Taiwan advocates for U.N. inclusion at GCTF workshop

During his remarks, Lee emphasized the relevance of Taiwan’s inclusion in global discussions, particularly in light of the U.N.'s recent launch of the Summit of the Future, aimed at fostering international collaboration in using technology for the betterment of future generations. He pointed out that Taiwan produces over 90% of the world's advanced chips, underscoring its vital role in global technology supply chains. Despite the U.N.'s stated goal of leaving no one behind, Lee lamented that Taiwan's 23.5 million residents remain excluded from international forums.

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Malaysia’s economic growth fueled by semiconductor imports

Uzir highlighted that the LI's monthly performance reflected a positive rebound, increasing by 1.1% in July 2024, following a decline of 0.4% in June. He noted that the semiconductor imports, which contributed 1.0% to the LI, signal a resurgence in the technology sector and its related industries. The sustained performance of the LI, which consistently exceeded 100.0 points in July, demonstrates a resilient Malaysian economy bolstered by strong domestic consumption and ongoing demand from international markets.

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Bamboo’s promising future in Malaysia’s furniture industry

Malaysia's rich biodiversity includes several bamboo species that are native to the region, providing a local source for manufacturers. This not only supports sustainability but also reduces reliance on imported timber, which often comes with higher carbon footprints. By tapping into bamboo’s potential, local manufacturers can contribute to environmental conservation while meeting the growing consumer demand for sustainable products.

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Malaysia’s inflation eases slightly in August

MIDF Research has maintained its 2024 headline CPI growth projection at 2.3%, supported by the moderate inflation rate of 1.8% recorded for the first eight months of the year. In comparison, last year's CPI increase was recorded at 2.5%.

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Malaysia’s fiscal deficit target: challenges and opportunities

MARC highlights that using this differential as a metric offers a nuanced view of fiscal sustainability, differing from traditional deficit and debt ratios. Current projections indicate Malaysia is on track to meet this differential target, although boosting economic growth remains essential for long-term stability.

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Singapore inflation exceeds expectations in August

Despite the uptick in inflation, private-sector economists anticipate that the Monetary Authority of Singapore (MAS) will maintain its current monetary policy stance at the upcoming meeting in October. This outlook stems from the belief that the central bank is likely to prioritize stability amid the evolving economic landscape.

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Vietnamese stock market ends four-day winning streak

Large-cap stocks in the financial and manufacturing sectors led the market’s decline. Notably, the Bank for Investment and Development of Vietnam (BID) saw the steepest drop, decreasing by 0.71% and contributing nearly 0.5 points to the VN-Index's overall decline. FPT Corporation (FPT) and Southeast Asia Commercial Joint Stock Bank (SSB) also faced losses, falling by 0.96% and 3.63%, respectively.

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Ringgit gains against US Dollar amid lower inflation

As of the latest trading session, the ringgit was seen strengthening, with analysts attributing the gains to improved economic indicators. Lower inflation rates are typically viewed as favorable, as they suggest stability in the economy and can lead to increased consumer spending. This shift has provided a more favorable environment for the currency, enhancing its appeal to investors.

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