KUALA LUMPUR, May 5 — Bank Negara Malaysia has reduced its overnight policy rate yet again after earlier cuts in January and March, slashing it today by 50 basis points to 2.00 per cent. The central bank said the decision was made in its Monetary Policy Committee meeting today in response to deteriorating business conditions […]
Read MoreThe Ministry of Industry and Trade has extended the period of selecting prestigious exporters for 2019 until May 30, one month later than the schedule of April 30 due to the impact of the COVID-19 pandemic. The ministry has announced this extension to ministries, sectors, the Vietnam Chamber of Commerce and Industry, commodity associations, industry […]
Read MoreThe cabinet has approved the first phase of a food and food processing development plan from 2020-2027, aiming to develop value-added products and increase competitiveness in the global market. The government wants to push Thailand to become Asean’s processed food hub by 2027. To achieve its goal, Thailand is expected to be in the top […]
Read MoreThe Ministry of Industry and Trade has written to the Government proposing extending feed-in tariffs (FITs) for wind power projects until the end of 2023. According to the prime minister’s Decision 39 on supporting the development of wind power, wind power projects will enjoy FITs until the end of 2021. However, due to the negative […]
Read MoreThailand’s Siam Cement Group Public Co ltd (SCG) recorded a 7 percent growth in Cambodian sales revenue during the first quarter of 2020, derived from cement manufacturing and building materials, according to the company’s quarterly report. Based on the Q1 2020 report, SCG’s Cambodian business arm owned $373 million in total assets, an increase of […]
Read MoreThe country’s manufacturing production, both in volume and value, fell in March, partly on the back of the decrease in petroleum products, the Philippine Statistics Authority (PSA) reported on Tuesday. Results of the statistics agency’s latest Monthly Integrated Survey of Selected Industries showed that the volume of production index (VoPi) contracted by 6.3 percent in […]
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