MANILA, Philippines – The economy likely grew by about seven percent in the first quarter on the back of strong performance of the agriculture and manufacturing sectors, according to Finance Undersecretary Gil Beltran. “At first, my forecast was 6.2 percent to 7.4 percent. But now, it turns out that agriculture’s growth was high,” Beltran said, […]
Read MoreKUALA LUMPUR: Malaysia’s inflation rate rose 4.4% in April from a year ago mainly due to the petrol price hike, the Statistics Department said. Inflation was just below the 4.5% annual pace forecast in a Reuters poll, and was down from March’s 5.1%, the highest rate in eight years. The department said on Wednesday that […]
Read MoreA parboiling-rice mill which involved US$8 million investment was launched in Dedaye township, Ayeyarwady Region by agribusiness firm Agrastar on May 5. The mill will produce high-quality parboiled rice for export to the European market. Agrastar, a partnership between Chin Corp Myanmar, Agrocorp International, and RiverWest Capital, was formed to supply high-quality agricultural commodities from […]
Read MoreTEMPO.CO, Jakarta – Freeport Indonesia Workers’ Union has urged the government to intervene in an industrial dispute between the workers and the mining company following the dismissal of 840 employees on May 15. “The move was out of control. Freeport cannot treat employees as they pleased,” Freeport Workers’ Union secretary-general Tri Puspita said yesterday. Tri […]
Read MoreThe baht probably reached its strongest level in mid-April and will reverse course until the end of the year, says a senior official at Kasikornbank (KBank). “According to historical data, the baht normally reaches its peak in the middle of April as a result of seasonal factors,” said Kobsidthi Silpachai, head of capital markets research […]
Read MoreThailand’s economy in the first quarter expanded at the fastest pace in three quarters, driven by recovering exports, an improving farm sector and rising private consumption. But the state planning unit narrowed its 2017 GDP growth outlook to 3.3-3.8% from the 3.0-4.0% range forecast in February, as private investment is unlikely to be as active […]
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