KUALA LUMPUR, June 24 — The ringgit opened marginally higher against the US dollar today, ahead of Malaysia’s consumer price index (CPI) report for May 2022, scheduled to be released by the Department of Statistics (DoSM) today, said an analyst. At 9.00am, the local currency rose to 4.4020/4050 against the greenback from Wednesday’s close of […]
Read MoreA Cambodian delegation has arrived in Laos to explore the possibility of connecting Cambodia and Laos via a railway line. Members of the Cambodia Logistics Association (CLA) are in Laos from 21-23 June to explore the idea of setting up a railway link connecting Cambodia with Laos to save transport time and costs. The Star reports that […]
Read MoreJAKARTA : Indonesia’s central bank left interest rates at a record low on Thursday, saying it was monitoring risks from rising inflation while downplaying recent pressure on the rupiah currency. Bank Indonesia is expected to raise rates in the third quarter, analysts say, to shore up a weaker rupiah and guard against capital outflows from […]
Read MoreMANILA, Philippines — The Philippines registered a 4.8 percent increase in meat imports in the first five months of the year, mainly driven by pork, data from the Bureau of Animal Industry (BAI) showed. Latest figures from the BAI showed that the country imported 460.9 million kilos of meat and meat products from January to […]
Read MoreThailand is in discussions with Laos and Vietnam about opening new bus routes to link popular destinations. The Thai government has approved expediting negotiations to open a bus connecting three countries (Thailand, Laos, and Vietnam) via route R12 from Nakhon Phanom, Thailand to Thakhek, Laos and on to Ha Tinh, Vietnam. The Thai Ministry of […]
Read MoreA proposal to temporarily charge a tax on the oil refinery margin appears to be a last-ditch effort by the government to control soaring energy prices, but major refineries question the move aimed at trimming some of their profits. Thai Oil Plc (TOP) and IRPC Plc insisted the refinery margin, which is based on prices […]
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