MANILA, Philippines – The Philippines could potentially enjoy a credit rating upgrade should the government implement its tax reform program, Budget Secretary Benjamin Diokno said yesterday. Diokno said the approval of the substitute tax reform bill in the Congress, despite the watered down provisions, would put the Philippines in a good fiscal position, and increase […]
Read MoreMalaysia’s economy grew at the fastest pace in two years last quarter, lifted by an export recovery and stronger private consumption and investment. Key Points Gross domestic product (GDP) rose 5.6% from a year earlier, Bank Negara Malaysia said in a statement Friday. Growth was 4.5% in the fourth quarter. The median estimate of 22 […]
Read MoreThe Kingdom’s leading palm oil producer has projected revenues of $20 million this year as it targets another record-setting year for crude palm oil exports. “We plan to export over 30,000 metric tonnes of crude palm oil this year, with revenue of approximately $20 million,” Prachak Kongtanomtham, vice president of Mong Reththy Investment Cambodia Oil […]
Read MoreThe government of Brunei Darussalam and the China Electronics and Technology Group Corporation, CETC International of the People’s Republic of China announced a significant step forward exploring opportunities of collaboration together through a memorandum of understanding MOU between the two parties. This move is following the Foreign Direct Investment and Downstream Industries Steering Committee’s approval […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures fell on Thursday evening, tracking weaker soyoil on the Chicago Board of Trade and other related edible oils on China’s Dalian Commodity Exchange. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.6 percent at 2,626 ringgit ($607.03) a tonne by the close. Traded volumes stood at […]
Read MoreJAKARTA (REUTERS) – Indonesia’s central bank has urged credit rating agency Standard & Poor’s (S&P) to raise its rating for Indonesia’s sovereign debt from junk bond status to reflect a number of recent reforms. S&P is the only one of the three major rating agencies to rate Indonesian sovereign debt so low. Speaking at an […]
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Thailand
