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US-China trade war dims Asia’s 2019 growth outlook: ADB

MANILA (REUTERS) – Developing Asia could grow more slowly than previously thought next year as the US-China trade war inflicts collateral damage on the region’s export-reliant economies, the Asian Development Bank (ADB) said on Wednesday (Sept 26). Tightening global liquidity could also weigh on business activity by pushing up borrowing costs, while capital outflows are also a […]

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Indonesia: Indomaret tops retailer list with US$4.89b in sales

Convenient store chain Indomaret and Indomaret Point, owned by retail group Indomarco Prismatama, were the top-selling retailers of 2017, racking up a combined US$4.89 billion in sales, according to London-based strategic market research company Euromonitor International With the total sales, Indomaret beats its closest competitor Alfamart, owned by Sumber Alfaria Trijaya, which booked US$3.97 billion […]

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Malaysia: Oil and gas still subject to volatility, players ‘tread cautiously’

PETALING JAYA: Despite the air of optimism sweeping over the oil and gas (O&G) industry amid rising oil prices, national energy company Petroliam Nasional Bhd (Petronas) president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin believes that all players should still “tread cautiously”. Brent crude yesterday breached US$81 per barrel, its highest since 2014, due to the […]

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Thailand: Bids begin for Erawan and Bongkot

CHEVRON THAILAND Holdings Ltd, PTT Exploration and Production Plc (PTTEP) and PTTEP Energy Development competed yesterday in an auction for the Erawan and Bongkot petroleum fields. Meanwhile, a citizen’s group is demanding a halt to the auction until proper negotiation takes place. Representatives of the companies submitted their auction documents to the Department of Natural Fuels […]

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