Consumer goods giant PT Unilever Indonesia booked a slight decrease in its net profit during this year’s first half as the coronavirus pandemic hit demand. The local arm of Anglo-Dutch company Unilever pocketed Rp 3.62 trillion (US$246.46 million) in net profit during the period, a 2.2 percent decline compared to the corresponding period last year. […]
Read MoreBooyoung Khmer II Co Ltd, a subsidiary of Booyoung Group of Korea, yesterday announced sales of homes at Borey Booyoung Sensok. The residential project cost more than $95 million on the 110,000 square metres (sq m) of land, located in Banla Saet village, Khmounh commune, Sen Sok district, Phnom Penh. It is five minutes from […]
Read MoreMajor gold traders have agreed to use the US dollar in order to limit volatility in using the baht, says a Bank of Thailand senior executive. The central bank agrees in principle with major local traders using only the dollar for gold trading and settlement to mitigate foreign exchange volatility in the trade. The move is […]
Read MoreJune exports were down 23.17% year on year, the lowest since July 2009, but the Commerce Ministry expects the situation to improve later this year. Pimchanok Vonkorporn, director-general of trade policy and strategy, said on Friday that June exports were worth US$16.4 billion and imports came in at $14.8 billion, down 18.1%. In the first […]
Read MoreSINGAPORE, July 24 — Singapore’s manufacturing output decreased 6.7 per cent in June 2020 on a year-on-year basis, according to the Singapore Economic Development Board (EDB). However, the board said excluding biomedical manufacturing, output grew 2.1 per cent. As for performance by clusters, the EDB said electronics output grew 17.3 per cent in June 2020 […]
Read MoreThe majority of business players, from large companies to micro, small and medium enterprises (MSMEs), are of the view that Indonesia’s economy is in a bad shape, a new survey shows. Negative sentiment is most pronounced among big businesses, with 73.5 percent of them saying the economy is in a poor condition, according to the […]
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