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Swiss confectionery manufacturer, Barry Callebaut, anticipates that the cocoa market will remain stable, despite the potential emergence of a strong El Niño weather pattern in the upcoming months. This statement was made by the company’s Chief Financial…
Over the years, durian growers in Malaysia have been increasing production levels to meet the rising demand from China. This surge in demand has resulted in an abundance of the fruit, causing a significant drop in prices. Malaysia, renowned for its prized…
Singapore-based Grab Holdings kicked off the new financial year on a high note, reporting double-digit growth in its first-quarter revenue and earnings, reflecting the company’s robust resilience in the face of market fluctuations. Impressive First-Quarter…
Air India has reported an annual deficit surpassing INR220 billion ($2.4 billion), a more substantial loss than initially anticipated. This unexpected financial setback has led the airline to seek monetary aid from its stakeholders. Fiscal Losses and…
The National Assembly (NA) of Vietnam has sanctioned the reduction of all fuel-related taxes to zero until June 30, in a move to mitigate price pressures, stabilize markets, and bolster economic resurgence in the face of global energy instability. This means…
Trade associations in Malaysia are warning that the country’s food prices could potentially surge by up to 50% due to the escalating energy crisis linked to the conflict in Iran. This crisis has led to an increase in fuel costs, which in turn is inflating the…
Treasury Wine Estates (TWE), renowned for its ownership of the Penfolds brand, has experienced significant losses in the initial half of the 2026 fiscal year. In spite of this, the conglomerate remains dedicated to its long-term strategic overhaul. First-Half…
As the Lunar New Year, or Tet, approaches, the cost of durians has seen a significant spike due to the dwindling supply in the Mekong Delta region. Traders are currently buying the highest quality, or grade A, Monthong durians for a rate of VND140,000…
Durian orchards in Dak Lak Province are suffering significant losses as export activities have halted and demand has plummeted due to delays in chemical residue testing. Doan Thi Thuy, an orchard owner in Krong Pak District, has experienced the harsh…
Swiss Banking Giant Highlights Potential for Global Crisis In its latest earnings report for the first quarter, UBS has underscored the growing uncertainties in the macroeconomic landscape, particularly as tensions escalate in the ongoing trade war. The bank…
Apple Inc’s triumph over the global chips supply-chain shortage has signaled good news amid troubled markets around the world. Not so fast, say analysts. The iPhone maker, which had warned three months ago that supply issues would dent its holiday-quarter…
Slumping sales of cars and motorcycles are triggering massive job cuts in India’s auto sector, with many companies forced to shut down factories for days and axe shifts, multiple sources said. The cull has been so extensive that one senior industry source…
Indonesia is experiencing a salt crisis. This is very strange because Indonesia has easy access to the sun, sea, and coastlines more than most countries in the world. In fact, we know, that just by evaporating seawater that depends on the three components,…
Trade Minister Thomas Lembong asked Indonesia e-commerce companies to be careful in assessing risks posed by the e-commerce business. “What would happen if the funding stopped? In the United States, tech business boom has started to decline,” Thomas said at…
The European markets ended Monday’s session in negative territory, as renewed concerns over China weighed on investor sentiment. Concerns over the upcoming snap elections in Greece and the likelihood of a near-term U.S. interest rate hike also contributed to…
Spending by Russian and Chinese tourists traveling to the UAE has declined recently and it is hurting not just the luxury shops in Dubai’s sprawling malls but other businesses as well. Nasir Mansoor, who manages vehicle rental service company Fast Rent A Car…
