Moody’s Investors Service says crude palm oil (CPO) prices — which have fallen 14 percent since the start of 2018 and are at their lowest levels since 2015, will present a credit challenge for rated palm oil producers if they remain at current levels. “Continued weak CPO prices will challenge the credit metrics of the […]
Read MoreKUALA LUMPUR: Palm oil producers are urging the government to reconsider and review the Sales Tax (Rates of Tax) Order 2018 on fresh fruit bunches (FFB) as the industry is already burdened by cesses, levies and taxes, including the corporate tax. The Malaysian Palm Oil Association (MPOA) said on Thursday this was a matter of […]
Read More[SINGAPORE] Singapore Inc is stirring, with companies from real estate to engineering becoming bolder in their hunt for acquisitions abroad. Companies in the city-state announced around US$91 billion of overseas deals this year through September, more than double the US$41.9 billion of transactions for the same period of 2017, data compiled by Bloomberg show. Temasek […]
Read MoreMANILA: Any increase in capital outflows could make it more difficult for companies and governments to refinance foreign debt in developing East Asia, with Indonesia and Thailand most at risk, says the World Bank. Outflows pose “potentially disruptive implications for business operations and solvency on the corporate side, and for deficit financing and debt sustainability […]
Read MoreKUALA LUMPUR: Malaysia should take the opportunity from the current gloomy global economic environment to consolidate the country’s fiscal condition, says World Bank Chief Economist for East Asia and Pacific Region Sudhir Shetty. He said Malaysia should look at long-term economic sustainability instead of propping up growth in the short-term. “It’s time to consolidate on […]
Read MoreTHAI Beverage Plc (ThaiBev), Thailand’s biggest beverage producer, yesterday announced a major strategic reshuffle of executives under a revamped management structure that will back the company’s growth ambitions for its beer business in the Asean region. The restructuring was undertaken in the wake of the company’s acquisitions of breweries in Myanmar and Vietnam. Fraser and […]
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