KUALA LUMPUR: Palm oil prices will weaken further in the short term due to softer demand and “distress selling” by top producer Indonesia, commodities consultancy LMC International forecast on Tuesday. Malaysia‘s benchmark crude palm oil prices FCPOc3 rose to record highs earlier this year as Russia’s invasion of Ukraine and a temporary export ban by Indonesia tightened global […]
Read MoreMinister of Mines and Energy, Suy Sem, said that the demand for petroleum products in Cambodia will increase to 4.8 million tons by 2030 and investments must increase to meet the demand. Minister Sem made the remarks during the opening of the Oil, Gas and Power Cambodia 2022 expo co-organized by Gas Academy Pte. Ltd […]
Read MoreKUALA LUMPUR: The country’s producer price index (PPI), which measures the prices of goods at factory gate, eased to 10.9% in June 2022 as compared to 11.2% in the previous month. According to Datuk Mohd Uzir Mahidin, chief statistician at the National Statistics Department, all sectors in the country recorded a double-digit increase except for […]
Read MoreCable.co.uk collected and analyzed data from 5,292 individual broadband packages in 233 countries over a four-month period beginning in March and ending in June this year. The study found that Israel offers the world’s cheapest mobile data, with an average cost of USD 0.04 per one gigabyte (1GB). Saint Helena is the most expensive, with an […]
Read MoreThailand’s customs-based exports rose by a more than expected 11.9% in June from a year earlier, helped by increased global demand as well as a weak baht, Commerce Minister Jurin Laksanawisit said on Wednesday. Exports, a key driver of Thai growth, beat a forecast rise of 8.5% in June in a Reuters poll, and after […]
Read MoreMyanmar has sufficient foreign reserves to avoid an economic crisis similar to Sri Lanka’s, the military government said, pushing back on suggestions by some analysts that the Southeast Asian nation faces a growing possibility of default. Maj Gen Zaw Min Tun, a spokesman for the State Administration Council, said at a press conference on Tuesday […]
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