PETALING JAYA: Improvement in fee-based income, sustained strategic cost management and increased net interest income raised Maybank Indonesia’s operating profit by 2% for the nine-month period ended Sept 30,2019. It recorded an operating profit before provisions to 3.1 trillion rupiah (RM923.43mil). The bank’s profit after tax and minority interest (Patami) however, stood at 1.1 trillion […]
Read MoreModern trade sentiment remained sapped in the third quarter as operators fretted about the economic slowdown and relatively low farm prices curbing household income. Thanawat Phonvichai, vice-president of research at the University of the Thai Chamber of Commerce (UTCC), said the modern trade sentiment index stood at 50.7 points out of 100 in the third […]
Read MoreKUALA LUMPUR: The Master Builders Association Malaysia (MBAM) is confident that the construction industry is still on track to achieve its 1.7% growth forecast for 2019, underpinned by ongoing jobs that will keep contractors busy until the end of the year. President Foo Chek Lee said the growth could be accelerated if local construction firms […]
Read MoreGE, the high-tech energy, health and aviation equipment provider, has plans to expand its reach in the Myanmar energy and healthcare sectors. “Myanmar has huge potential in terms of revenue and orders for GE. Myanmar needs healthcare and a lot of electricity. There are good prospects in natural gas production and solar energy sector,” Mr […]
Read MoreThailand’s manufacturing production index (MPI) in September fell 4.7% year-on-year to 97.5 points, suffering from a bearish economy and sluggish global trade sentiment, says the Office of Industrial Economics (OIE). The MPI in September dropped for the fifth month in a row and declined 3.1% from the previous month. Thongchai Chawalitpichaet, the OIE’s acting director-general, […]
Read MoreSINGAPORE – Singapore’s economy is likely to continue facing headwinds into 2020, seeing lacklustre activity over the next 18 months, said the Monetary Authority of Singapore (MAS) on Wednesday (Oct 30). Growth will be uneven across industries, with “significant uncertainties” for the trade-related cluster, the central bank added in its twice-yearly macroeconomic review. Part of […]
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