KUALA LUMPUR: Malaysia has set the export tax for crude palm oil (CPO) at eight per cent for January 2021. In a statement today, the Royal Malaysian Customs Department said the eight per cent export duty rate was set after the CPO market price reached RM3,450 per tonne and above. The rate would be effective […]
Read MoreMANILA, Philippines — 2020 was a turbulent year, but apart from public health, the economy probably took the brunt of damage from the unprecedented coronavirus crisis. From economic growth slowing down, trade grinding to a halt, the stock market falling and even our most reliable migrant workers coming home in droves, economic officials correctly characterized this […]
Read MoreJAKARTA (The Jakarta Post/ANN): Publicly listed Bank Permata is set to join the BUKU IV category after its integration with the Indonesian branch of its new parent company, the Thailand-based Bangkok Bank. The integration qualifies Bank Permata to become a BUKU IV bank – one with core capital of more than Rp 30 trillion (US$2.1 […]
Read MoreBUSINESS sentiment among small and medium-sized enterprises (SMEs) in Singapore has eased off its record low, but firms are still expected to hold off expansion and capital investments for the first half of 2021. That’s according to the Singapore Business Federation (SBF) and information service Experian’s latest quarterly poll, where 2,100 SMEs across six sectors […]
Read MoreThailand’s GDP could see a steep contraction similar to the second-quarter decline if nationwide lockdown measures are imposed to contain a fresh round of outbreaks, says the World Bank. Should a new round of infections result in a lockdown in Bangkok or across Thailand, overall economic activities would be impeded, said Kiatipong Ariyapruchya, senior country […]
Read MoreKUALA LUMPUR: The ringgit opened higher against the US dollar today on the back of improving crude oil prices. At 9.07am, the ringgit was quoted at 4.0470/0520 versus the greenback compared with 4.0490/0530 on Monday. Axi Chief Global Market Strategist Stephen Innes said the ringgit could claw back some losses on recovering oil market sentiment. […]
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