KUALA LUMPUR (CNA) – Malaysian state energy firm Petroliam Nasional Berhad, or Petronas, said yesterday geopolitical risks were set to result in another volatile year for the industry, after reporting a swing to profit in the fourth quarter. The ongoing conflict between Russia and Ukraine had already caused commodity prices to fluctuate wildly, Petronas Chief […]
Read MoreThe Bank of Thailand (BoT) is concerned about inflation because of the Russia-Ukraine conflict, but believes the Thai economy will continue to recover this year. The Russian attack on Ukraine will push up global energy prices as the countries are major producers of commodities and fossil fuels, playing crucial roles in the global supply chains […]
Read MoreMANILA, Philippines — The Duterte administration continued to underspend in 2021 as it tried to temper the growth of its debts, resulting in the government preventing a breach of its budget deficit cap. Data from the Bureau of Treasury released on Tuesday showed the government disbursed a total of P4.68 trillion in 2021, up 10.6% […]
Read MoreVIETNAM has been a bit of a darling of Asean in recent years. Between favourable fundamentals such as a young and large population and competitive labour costs, the country has been one of the main benefactors from tensions between US and China, with many manufacturers turning to Vietnam as an alternative to China or as […]
Read MoreMANILA, Philippines — Bank lending started the year on a high note as it continued its nascent climb, perking up hopes that the country’s recovery from the pandemic could be sustained. Excluding interbank lending, outstanding loans issued by big banks rose 8.5% year-on-year in January to P9.7 trillion, the Bangko Sentral ng Pilipinas reported Monday. […]
Read MoreManufacturing activity kicked into a higher gear in Southeast Asia as nations overcame Omicron-led virus outbreaks while factories in the euro area saw demand increase. Thailand’s manufacturing purchasing managers’ index rose to a record in February, while the Philippines rebounded to its highest in three years, according to IHS Markit. Vietnam and Malaysia also improved. […]
Read More
Thailand
