MANILA, Philippines — Petron Corp. bounces back with a P6.14 billion in net earnings last year, a reversal of the P11.4 billion net loss in 2020, on higher volumes and recovery in international oil prices. Consolidated revenues jumped by 53 percent from P286 billion to P438.06 billion, driven by the increase in international prices and […]
Read MoreMALAYSIA recorded RM306.5 billion worth of approved investments in the manufacturing, services and primary sectors in 2021 — the highest amount of approved investments since 2006, according to the Malaysian Investment Development Authority (MIDA). The total foreign direct investment (FDI) and domestic direct investment (DDI) numbers exceeded expectations with stellar performance in 2021, increasing to […]
Read MoreA sense of caution tempers the excitement as stakeholders prepare for the full resumption of international tourism on March 15. Will Viet Nam’s quarantine rules prove a deterrent? The worry nags travel agencies, hoteliers, tourist destination managers and other stakeholders as they prepare hard for the return of international visitors, sprucing up their premises, hiring […]
Read MoreGold held near a 19-month high following a ban on Russian oil imports, as mounting concerns over inflation and economic growth boost demand for the haven asset. In Thailand, the Gold Traders Association announced on Wednesday morning the buying prices at 31,320.56 baht per baht-weight for gold ornaments and 31,900 baht per baht-weight for gold […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) expects borrowing costs to rise amid the escalating conflict between Russia and Ukraine. Finance Secretary Carlos Dominguez said the government would depend its financing requirements from the P458 billion raised by the Bureau of the Treasury through the 27th tranche of Retail Treasury Bonds (RTBs). “Following a strong […]
Read MorePRIVATE-SECTOR analysts stood pat on Singapore’s growth outlook for 2022 but hiked their inflation forecasts, according to the latest quarterly survey published by the Monetary Authority of Singapore (MAS) on Wednesday (Mar 9). The spectre of higher inflation, driven mainly by energy and food prices, was almost unanimously cited as a risk to the economy […]
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Thailand
