KUALA LUMPUR: Malaysian palm oil futures opened lower on Thursday morning, falling to its lowest in nearly seven weeks. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was last down 1.1 percent at 2,073 ringgit ($501.33) a tonne. FUNDAMENTALS * Malaysian palm oil futures fell to its lowest in six weeks on […]
Read MoreThe government’s latest tax perk for property will likely have a minimal impact on the housing market because only a handful of homebuyers will qualify for benefits, say property analysts. Phattarachai Taweewong, associate director of research for property consultant Colliers International Thailand, said the new stimulus measures for the property sector may not help boost […]
Read MoreMANILA, Philippines — Lazada, Southeast Asia’s biggest online and shopping platform, expects its Philippine business to grow by double digit and outpace the growth of the market this year as it takes advantage of the rising demand for fashion and beauty products from the young female segment and increasing number of shoppers outside Metro Manila. “I think we […]
Read MoreThe Hanoitimes – The main positive from the latest Vietnam manufacturing PMI survey was a return to employment growth, the first rise in three months, as firms gained confidence that the soft patch at the start of the year is now a thing of the past. The headline Nikkei Vietnam Manufacturing Purchasing Managers’ index (PMI) rose […]
Read MorePETALING JAYA: Apple Inc and Samsung Electronics Co Ltd have posted results that are above and in line with street guidance, with investors now turning more bullish despite lower smartphone sales and slowing memory chip demand. Both Apple and Samsung are expecting a rebound in sales in the second half of the year on the […]
Read MoreMANILA, Philippines — Singapore-based ASEAN+3 Macroeconomic Research Office (AMRO) has retained its 6.4 percent growth projection for the Philippines this year on the back of buoyant domestic demand and strong credit growth amid high interest rates. Growth of the domestic economy is seen accelerating to 6.6 percent in 2020. “The economy expanded by 6.2 percent in 2018, the lowest […]
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Thailand
