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Malaysian palm oil price jumps 2% on stronger export demand

KUALA LUMPUR: Malaysian palm oil futures rose 2 percent on Tuesday, a second consecutive session of gains on stronger export demand and expectations of weaker production. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was up 2 percent at ,500 ringgit ($612) a tonne at the midday break, its sharpest daily rise since Dec. […]

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Laos: Vientiane seeks investors to build expressway

Vientiane authorities are seeking entrepreneurs to invest in and build the planned 15-km expressway linking the city to its north-eastern outskirts in Xaythany district. The authorities have issued an announcement inviting interested local and foreign investors to competitively bid for the development of the project. The 54-metre-wide road will be built parallel to Kaysone Phomvihane […]

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Thailand: Strong baht takes bite out of tuna exports

Thailand’s 2017 tuna exports are expected to fall 1% shy of the 76.3-billion-baht target, largely due to declining supply and a stronger baht, which has made Thai products less competitive, says the Thai Tuna Industry Association (TTIA). TTIA president Chanintr Chalisarapong said the target of 76.3 billion baht had been set below the previous year’s […]

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Malaysian firm to list on Cambodian stock market

Cambodia’s fledgling stock exchange could receive a much-needed boost after Malaysian-owned power infrastructure provider Pestech Cambodia officially submitted its application for an initial public offering on the CSX, industry insiders said yesterday. Lamun Soleil, director of market operations at exchange, said Pestech Cambodia’s application was now being reviewed, and its listing was expected in the […]

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