mahathir mohamad swearing
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Malaysia to grant 20% royalty to its oil-producing states

KUALA LUMPUR: All states that produce oil will receive 20% of profit from the resource, Prime Minister Tun Dr Mahathir Mohamad speaks in parliament. * Note: Campaign manifesto includes pledge to give 20% royalty to oil-producing Sabah and Sarawak states * Government’s priority is on cleaning out damage from corruption and efforts to recover missing […]

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Grab to tackle ASEAN’s traffic tangles amid antitrust pressure

SINGAPORE –Grab, Southeast Asia’s largest ride-hailing app operator, on Wednesday started a research laboratory for artificial intelligence here, aiming to better understand traffic patterns and offer faster ways to bring passengers to their destinations. The Singapore-based company, which is under increasing scrutiny from competition regulators for its dominant market position, will share the findings with […]

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Thailand: KBank sees slide to B34 against dollar

Views on the US dollar’s prospects for the rest of the year are mixed, with Kasikornbank (KBank) forecasting that the baht will hit a one-and-a-half-year low of 34 to the greenback this quarter amid large-scale capital inflows.  The US Federal Reserve’s more hawkish stance of signalling two more rate hikes this year and the tit-for-tat trade […]

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