SINGAPORE: Malaysian palm oil futures retreated after touching a 19-month high earlier on Thursday, as the ringgit gained and as panic buying emerged due to an expected supply shortage died down. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange closed 0.4% lower at 2,485 ringgit ($595) per tonne, ending […]
Read MoreThailand’s Bank of Ayudhya is looking to expand ‘Quick Respond’, a QR code-based payment system, to Cambodia, among other countries in the region. Bank of Ayudhya, also known as Krungsri, said it is looking to make the cross-border, QR-code payment system available in Cambodia, Lao and Vietnam, Bangkok Post reported on Wednesday. “The bank has […]
Read MoreShop.com.mm, the online shopping operations in Myanmar owned by China’s Alibaba Group, is growing rapidly, company officials said. Frans Maas, managing director of Shop.com.mm, told The Myanmar Times the site is expanding at a rate of 10 times year-on-year. Shop.com.mm, an online shopping platform in Myanmar, provides online shopping across a variety of products to customers across […]
Read More[JAKARTA] Indonesia’s national dish of nasi goreng, or fried rice, has become a lot cheaper these days as the nation’s two big ride-hailing apps wage a price war on everyday groceries. In a battle for market share in South-east Asia’s biggest economy, Gojek and Grab are giving discounts of as much as 50 per cent and […]
Read MorePublicly listed food conglomerate PT Indofood Sukses Makmur booked double-digit net profit growth from January to September period this year from the same period a year ago, with moderate sales growth thanks to lower costs. Indofood’s overall sales, with products and services that include instant noodles, wheat flour, palm oil and seasonings, grew 5.67 percent […]
Read MoreMANILA, Philippines —Public spending on infrastructure surged by 54 percent in September as state agencies fast-tracked the implementation of projects as part of their spending catch-up measures, the Department of Budget and Management (DBM) reported yesterday. Based on the latest disbursement performance report of the DBM, infrastructure spending and other capital outlays amounted to P100.3 […]
Read More
Thailand
