PETALING JAYA: Gas Malaysia Bhd, which posted a 72.2% jump in net profit to RM107.3mil in the second quarter ended June 30, will continue to take prudent measures to remain competitive. In a Bursa Malaysia filing, it said its revenue in the second quarter rose 29.2% to RM1.77bil from RM1.36bil a year ago. Its earnings per […]
Read MoreMANILA: The Philippine central bank on Thursday delivered another large interest-rate increase and signalled it has space to raise borrowing costs further to tackle broadening price pressures. Bangko Sentral ng Pilipinas raised the overnight reverse repurchase rate by 50 basis points to 3.75%. That took the total increases this year to 175 basis points to rein […]
Read MoreHanoi will play a key role in connecting visitors to tourist destinations in Vietnam. The Vietnamese Ministry of Culture, Sports and Tourism needs to actively support major tourism businesses to build routes linking localities, and restart heritage digitalization with the participation of travel companies to create new tourism products. This is one of the requirements made by […]
Read MoreMANILA, Philippines (Update 1, 3:20 p.m.) — The Bangko Sentral ng Pilipinas hiked its key policy rate again on Thursday in a bid to arrest red-hot inflation dampening the economy’s recovery efforts. The Monetary Board raised the benchmark rate by 50 basis points to 3.75% after its rate-setting meeting. Today’s announcement came as no surprise as BSP […]
Read MoreJAKARTA (REUTERS) – Indonesia’s president on Thursday (Aug 18) said his government is calculating how much longer it can sustain a policy of keeping fuel prices unchanged, while the central bank governor hinted at keeping rates steady at an upcoming policy review. President Joko Widodo signalled earlier this week that the government is considering raising fuel […]
Read MoreThe baht opened at 35.47 to the US dollar on Thursday, weakening from Wednesday’s close of 35.42. The currency is expected to move between 35.35 and 35.55 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht might fluctuate and weaken as the dollar strengthens and investors wait to purchase gold […]
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Thailand
