Malaysia: Ringgit slips as strong jobs data boosts US dollar Monday, 8 August 2016 – The ringgit opened weaker against a rejuvenated US dollar on Monday following the strong jobs data released on last Friday night. At 9.07 am, the ringgit was quoted at 4.0450/0500 vis-a-vis the greenback against Friday’s close of 4.0200/0250. A dealer […]
Read MoreIndonesia: Indonesia gears up for demand revival Tuesday, 9 August 2016 – Indonesian firms ranging from restaurant chains to snackmakers are stepping up investment and launching new products as improving economic conditions and easier access to credit drive a spurt in consumer demand in the country of 250 million people. Consumption, which typically makes up more […]
Read MorePhilippines: GMA Network more than doubles earnings Tuesday, August 9, 2016 – Net earnings of GMA Network Inc. surged 116 percent in the first semester from a year ago, as election-related earnings boosted revenues for the period. For the January to June period, net income of GMA reached P2.38 billion, well-above the P1.1 billion in […]
Read MorePhilippines: Petron income rises 55% in H1 Tuesday, August 9, 2016 – Petron Corp. posted a P5.3-billion profit in the first half of 2016 on strong sales, improved production from its refinery and cost efficiencies. The oil company’s income from January to June was a 55-percent improvement from P3.4 billion a year earlier. Petron attributed […]
Read MoreMalaysia: Strong export data helps boost market sentiment Friday, 5 August 2016 – The stronger-than-expected export data for June gave the stock market a much needed base and also shored up the ringgit at the midday break on Friday. At midday, the FBM KLCI was up 3.24 points or 0.2% to 1,658.53. Turnover was 1.13 […]
Read MoreMalaysia: Palm oil stockpile in Malaysia seen rising in July Friday, 5 August 2016 – Palm oil inventories in Malaysia likely rose for a second month in July, in the first back-to-back gain since November, as production continued to recover from stresses caused by El Nino weather. Inventoriesrose 2.2 percent to 1.82 million metric tons […]
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