Heavy Flood in Main Rubber Plantation Areas in Southern Thailand

Four Southern provinces of Thailand have been experiencing severe flooding due to heavy rains. The major provinces are Nakhon Si Thammarat, Narathiwat, Phattalung, Songkhla and nearby areas, covering around 0.8 million hectares of natural rubber (NR) plantation. Heavy flood has been disrupting tapping activities in those provinces as the rubber farmers couldn’t tap rubber trees […]

Media Release by the International Tripartite Rubber Council (ITRC) on 23 September 2020

MEDIA RELEASE THE INTERNATIONAL TRIPARTITE RUBBER COUNCIL (ITRC) 23 SEPTEMBER 2020 1.      The Senior Officials in-charge of the rubber industry from Thailand, Indonesia and Malaysia (TIM) met at the 34th ITRC Meeting on 22 – 23 September 2020. The meeting deliberated in details on the current global natural rubber (NR) market situation as well as […]

The Caixin/Markit manufacturing Purchasing Manager’s Index (PMI), for April 2020 was 49.4

The Caixin/Markit manufacturing Purchasing Manager’s Index (PMI) for China’s factory activities in April 2020 was 49.4. from 50.1 in the previous month. Meanwhile, China’s National Bureau of Statistics said manufacturing activity in the country expanded slightly, reporting official manufacturing PMI of 50.8 for the month of April, as compared to 52.0 in March. Source: CNBCFull Content: https://www.cnbc.com/2020/04/30/china-reports-official-april-manufacturing-data-as-coronavirus-lockdowns-ease.html?fbclid=IwAR3VdcU0LAxyDnLEMFPZYBJ_kaMzLCfKljIGsvKBe4l2UIoVa1ESPVnsnoU

Global economy in 2020 on track for sharpest downturn since 1930s: IMF

The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the 1930s, the International Monetary Fund said on Tuesday. The IMF, in its 2020 World Economic Outlook, predicted a partial rebound in 2021, with the world […]

FED makes largest emergency cut to interest rates since the financial crisis

The Federal Reserve took the emergency step of cutting the benchmark U.S. interest rate by half a percentage point, an attempt to limit the economic and financial fallout from the coronavirus. The Fed’s action reduced the U.S. interest rate to just below 1.25 percent, down from about 1.75 percent. Fed leaders voted unanimously in favor […]

China February factory activity contracts at record pace as coronavirus bites

FEBRUARY 29, 2020 China’s official Purchasing Managers’ Index (PMI) fell to a record low of 35.7 in February from 50.0 in January, the National Bureau of Statistics said on Saturday, well below the 50-point mark that separates monthly growth from contraction. The data foreshadows that the economic disruption from the virus will likely extend to […]