KUALA LUMPUR: Maybank Investment Bank Research expects AirAsia Group Bhd’s core net profit for Q2’18, which will be released on August 30, to come in at RM289mil, a 39% decline year-on-year and 10% decline quarter-on-quarter. This would bring 1H’18 core net profit to RM596mil, or 48% of its full-year forecast. The research house noted that yield pressure […]
Read MorePETALING JAYA: Economic growth for Malaysia in the second quarter of this year came in at 4.5%, which was below the consensus estimates of more than 5%. According to Bank Negara Malaysia, supply disruptions in the second quarter resulted in the slower economic growth. In comparison, GDP growth was 5.8% in the corresponding quarter of […]
Read MoreKUALA LUMPUR: The provision of services will be taxed at 6% under the reintroduced sales and services tax (SST), while the sale of goods will incur a 10% tax, said Finance Minister Lim Guan Eng. He said that the SST would be implemented on Sept 1 after the necessary laws are passed in the current […]
Read MoreIndonesian and Indian businesspeople signed on Monday a business-to-business agreement on palm oil to build communications between producers and consumers of the commodity. The agreement, a memorandum of understanding (MoU) on sustainable palm oil production, was signed by the Indonesian Palm Oil Board (DMSI), the Solvent Extractors Association (SEA) of India and civil society organization Solidaridad […]
Read MoreBank Indonesia recorded US$358.6 billion in foreign debt in May, a 0.2 percent increase from the $358.09 billion recorded in April. Foreign debt grew 6.8 percent year-on-year (yoy) in May, lower than the growth in April at 8 percent yoy. Government debt was recorded at $182.5 billion, while private debt hit $176.1 billion. The majority of government debt ($124.6 billion) was in […]
Read MoreThe world is changing, and business in Thailand must understand the drivers of this change. This is why, as I enter my third decade in Thailand’s industrial sector, I believe it is more vital than ever for every business to observe international megatrends – changes which will transform societies and influence the direction of life […]
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