malay01
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Malaysian palm oil price hits over 2-month high on weak production outlook

KUALA LUMPUR: Malaysian palm oil futures rose to an over two-month high on Wednesday evening, charting a second straight day of gains, as traders forecast declining production in the coming months and improving export data. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose as much as 1.1 percent to 2,202 ringgit ($535.38) in the second half of trade, its highest level since Oct. […]

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Bridge project expected to boost China-Myanmar trade

The construction of a new road and bridge near the existing Goke Hteik railway viaduct in western Shan State will begin this year, the Ministry of Construction has announced. The major infrastructure project along the Mandalay-Muse road, a significant border-trade route, is expected to significantly boost the transportation of goods between China and Myanmar once […]

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Thailand: Firms confident about 2019 GDP

Business operators have an optimistic outlook on the country’s GDP in 2019, thanks to the upcoming general election, implementation of the Eastern Economic Corridor (EEC) and the coronation ceremony for His Majesty the King.  Kalin Sarasin, chairman of the Thai Chamber of Commerce, said the election time frame is expected within 150 days, with a deadline […]

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Vietnam: Four new projects come to VSIP Quang Ngai

QUANG NGAI — The central province of Quang Ngai officially presented investment registration certificates to four foreign companies at the Vietnam-Singapore Industrial Park (VSIP)-Quang Ngai, with total investment of US$321 million, on Wednesday. These represent the newest projects at the VSIP Quang Ngai, bringing total foreign direct investment (FDI) in the park to $733 million since construction […]

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