KUALA LUMPUR (REUTERS)- Malaysian state energy firm Petroliam Nasional Berhad (Petronas) is increasing capital expenditure for upstream activities slightly in 2018 from last year, upstream chief executive Mohd Anuar Taib said on Wednesday (March 21). Petronas, like other oil majors, was hit by the plunge in oil prices from mid-2014 highs, but sharp cost cuts […]
Read MoreIndonesia’s central bank has more pressing things to worry about than its next interest-rate move. Policy makers are instead seeking to sandbag the currency against more capital outflows as the US Federal Reserve moves ahead with its tightening plan. Governor Agus Martowardojo has signaled that Bank Indonesia will keep dipping into foreign reserves to support […]
Read MoreTrade Ministry international trade director general Oke Nurwan has said the Indonesian government and several companies have won in a biodiesel antidumping case against the European Union at the appeal hearing at the EU court recently. The court had ordered the EU to scrap the antidumping tariffs between 8.8 to 23.3 percent against Indonesian biodiesel […]
Read MoreSingapore-based CapitaLand has signed an agreement to manage the mall located in Phnom Penh’s The Peak, which is set to open in 2020. The Peak, a joint project between Singapore-based developer Oxley and Cambodia-based Worldbridge Land, is a 55-storey development set to have retail shopping, condominiums and a hotel. The move marks CapitaLand’s first entry […]
Read MoreMANILA, Philippines — Manila has dropped two notches in the list of cities in the world with the best quality of life, according to the latest survey conducted by consulting firm Mercer. The Philippine capital, previously at 135, tied with Colombo in Sri Lanka at 137 in the 2018 Quality of Living Survey. Austrian capital Vienna […]
Read MoreParliament yesterday approved the Union Tax Law for 2018 after omitting a tax amnesty clause proposed by the government. The proposal was rejected after five meetings among MPs, government officials and businessmen. Instead, a separate law on tax amnesty will be drafted. The government had originally proposed that resident citizens and non-resident citizens with undisclosed […]
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Thailand
