The commission for manufacturing subcontract management in the garment and textile industry under the Ministry of Commerce (MoC) has launched an investigation into the business agreements after concerns were flagged by the American Apparel & Footwear Association (AAFA) over the alleged abuse of labour principles, said a senior official of MoC. AAFA represents more than […]
Read More(Bloomberg) — Malaysia’s central bank will probably raise its key rate by another 25 basis points next quarter before it is done with tightening, according to a poll of economists. Bank Negara Malaysia is expected to keep its overnight policy rate at 3% for at least a year after a final, quarter-point increase between April-June, […]
Read MoreThe Ministry of Finance has proposed that the Government consider allowing enterprises to pay principal and interest on bonds in shares and real estate products. The Ministry of Finance (MoF) has just submitted to the Government a draft decree on trading private placement of corporate bonds in the domestic market and offering bonds to international […]
Read MoreThe government’s planning unit has downgraded its economic growth forecast to 2.7-3.7% for this year from 3-4% estimated in November last year, largely attributed to the global slowdown and declining exports. According to Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), the export value of goods in US dollar terms is anticipated to […]
Read MoreSINGAPORE – Marine fuel sales in Singapore hit a two-month high in January as more vessels called at the world’s largest hub, taking advantage of lower prices. Sales rose to 4.38 million tonnes, an increase of around 4 per cent compared with the previous month, according to data released by the Maritime and Port Authority […]
Read MoreMANILA, Philippines — The country imported more chicken meat in January, but overall meat importation was lower year-on-year, based on the latest Bureau of Animal Industry (BAI) data. The BAI data showed the country imported 76.52 million kilos of meat and meat products last month, 10.8 percent lower versus the 85.82 million kilos shipped in […]
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Thailand
