The government announced yesterday that it is lowering the price cap on petrol and diesel sold at retail petrol stations across the Kingdom effective today through October 21 in an effort to reflect changes in global oil prices. A statement issued by the Ministry of Commerce sets the price ceiling on regular petrol at 3,700 […]
Read MoreKUALA LUMPUR: The Government has decided to impose a provisional anti-dumping duties ranging from 7.27% to 111.61% on cold-rolled stainless steel (CRSS) imports from China, South Korea, Chinese Taipei and Thailand. In a statement on Wednesday, the International Trade and Industry Ministry (Miti) said the measure would be effective not more than 120 days from […]
Read MoreTEMPO.CO, Jakarta – Senior Economist Faisal Basri predicts that Indonesia will be struck by a minor financial crisis in December if the Government does not slash its spending on infrastructure. “Pak Jokowi talks about not reducing its spending on infrastructure. [It would lead to a minor financial crisis],“ said Faisal on Wednesday, October 11. Faisal claims a minor […]
Read MoreHANOI — The State Bank of Vietnam (SBV) will instruct commercial banks to try and cut interest rate in the remaining months of the year. It is among SBV’s monetary policies that will be applied in the remaining months of the year, SBV announced on Tuesday. According to SBV, it is ready to support liquidity […]
Read MoreThe Bank of Thailand’s rate-setting committee foresees further economic growth but is concerned over rising bad loans in the short term and search-for-yield behaviour increasing amid the low-interest-rate environment. “The committee expressed concerns over the high level of non-performing loans (NPLs) that will remain elevated in the short term,” according to the minutes of the […]
Read MoreMANILA, Philippines — Indonesian firm JSK Gas Corp. is looking to invest in the liquefied natural gas (LNG) sector in the Philippines that would replace diesel-fired power plants in off-grid areas. The company has formed JSKLNG Holding Phils. Inc. to pursue its LNG investments in the country. In an interview, JSKLNG director Richard Moon said […]
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