PETALING JAYA: Malaysian financial markets have remained resilient while conditions in the capital, foreign exchange (forex) and money markets continue to be orderly, according to Bank Negara and the Securities Commission (SC). In a joint statement issued yesterday, they said the orderly conditions were underpinned by ample domestic liquidity, robust market infrastructure and firm macro-economic […]
Read MoreEight foreign mining companies have applied for permits to conduct large-scale mining exploration projects in Myanmar, U Ather Hlaing, director of the Department of Geological Survey and Mineral Exploration, told The Myanmar Times. The government has received a total of 1661 applications to operate at large and medium-scale mining blocks since the new Myanmar Mining Law […]
Read MoreThe Electronic Transactions Development Agency (ETDA) plans to invest 1 billion baht through strategic partners to build a local e-commerce platform to compete with global giants like Alibaba and JD.com. The move aims to create more local opportunities in Thailand’s burgeoning e-commerce sector, expected to be worth 3.3 trillion baht in 2019, growing 14% year-on-year. The […]
Read MoreJAKARTA: Indonesian President Joko Widodo (Jokowi) called for an increase in capital spending to bolster growth as a slowing global economy, the US-China trade war and rising oil prices pose risks to South-East Asia’s largest economy. Chairing the second cabinet meeting in two days, Jokowi, who is on course for a second five-year term, laid […]
Read MoreThe Kampong Speu Palm Sugar Promotion Association (KSPSPA) has expressed optimism that the EU’s recognition of Kampong Speu palm sugar will strengthen the Kingdom’s palm sugar market and better serve farmers. KSPSPA president Sam Saroeun said international recognition of it being a Cambodian product with a geographical indication (GI) status would help increase the value of the […]
Read MoreKUALA LUMPUR: The World Bank Group has maintained Malaysia’s 2019 gross domestic product (GDP) growth forecast at 4.7 per cent, driven by private consumption. Lead economist for Malaysia Richard Record said private consumption would continue to be the main driver of growth, albeit expanding at a more measured pace. “Household spending will be buoyed by […]
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