KUALA 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 […]
Read MoreWing, which pioneered the agent-based money transfer business in Cambodia, will expand the model into Myanmar this year, tapping into the Southeast Asian country’s largely unbanked population of 55 million, the company’s chief executive said. Jojo Malolos, CEO of Wing Specialised Bank (Cambodia), said the company signed with Myanmar-based Mingalabar this March and the partners […]
Read More
Thailand
