MANILA, Philippines — Flag carrier Philippine Airlines (PAL) is not in immediate danger of bankruptcy, but may be forced to lay off more employees depending on how its recovery goes once commercial flights are allowed to resume. PAL president and COO Gilbert Santa Maria in an ANC interview yesterday said revenue losses of the company […]
Read MoreCambodia has spent around $400 million to purchase live pigs from a foreign country every year. A representative of the Cambodian Livestock Raisers Association said this at a conference on import restrictions on live pigs in Cambodia. A CLRA representative said, “Each year, about $400 million is spent on buying live pigs from neighbouring countries. […]
Read MoreCalls for digital companies to implement stronger data protection measures are growing following recent reports of a data breach against Indonesia’s e-commerce unicorn Tokopedia. Experts have argued that the data protection bill, which is currently being debated at the House of Representatives (DPR), should set a minimum-security standard for digital companies, as the current regulation […]
Read MoreThailand’s bear-market stock rally may stall after a series of earnings estimate downgrades helped push valuations to their most-expensive on record. The benchmark SET Index trades at about 17.7 times its 12-month consensus profit forecast, a record high, according to Bloomberg data dating back to 2005. The pricey multiple comes after analysts slashed earnings estimates […]
Read MoreKUALA LUMPUR, May 21 — An additional 19 types of Aidilfitri essential goods will be listed under the Festive Season Maximum Price Scheme starting tomorrow untul June 3, Senior Minister Datuk Seri Ismail Sabri Yaakob said today. He said under the scheme, the price-controlled items include vegetables such as tomatoes, red chillis, large onions and […]
Read MoreThe Bank of Thailand cut the policy rate yesterday by 0.25 percentage points to a fresh record low of 0.5%, saying it is ready to use additional policy tools to soften the economic blow while downside risks to the country’s economy this year remain high. The central bank’s Monetary Policy Committee (MPC) voted 4-3 at […]
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Thailand
