KUALA LUMPUR: Malaysian palm oil futures fell on Tuesday, recording a fifth consecutive session of losses, weighed down by forecasts of rising output and tracking weaker performing rival oils. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange edged down 1 percent to 2,473 ringgit ($560.90) a tonne at the end of […]
Read MoreTEMPO.CO, Jakarta – State-owned lender Bank Rakyat Indonesia (BRI) is aiming to become the most valuable bank in Southeast Asia by 2022, as set forth in its corporate plan for 2018-2022. BRI deputy president director Sunarso said that to achieve the target, the company will improve some indicators, including increasing the bank’s net profit within five […]
Read MoreWASHINGTON – The International Monetary Fund (IMF) expects the Philippines to book the fastest economic growth in the region over the next two years amid the projected stronger global economic recovery. IMF resident representative Shanaka Jayanath Peiris said in an email that the multilateral fund expects the Philippines to book a gross domestic product (GDP) […]
Read MoreThe baht should move in line with market forces but the central bank is ready to act on any excessive volatility in the currency, the central bank governor said on Wednesday. The baht is not as volatile as several other regional currencies, Bank of Thailand governor Veerathai Santiprabhob told a news conference, as the unit […]
Read MoreMilled rice exports were close to 170,000 metric tons in the first three months of this year, an increase of three percent over the same period last year, official figures show. The rise came after exports in March fell by 16 percent and exports in January and February rose 10 percent and 17 percent respectively. […]
Read MoreKUALA LUMPUR: Malaysia’s consumer price index (CPI) jumped 5.1% in March on year, the highest in eight years due to the low base last year and higher retail fuel prices compared to March 2016. The latest index, however, was marginally lower than Bloomberg survey of a 5.2% rise. The Statistics Department said the March CPI, […]
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