KUALA LUMPUR: Malaysian palm oil futures climbed to a six-week high in evening trade on Tuesday, charting a third session of gains in four, tracking overnight strength in U.S. soyoil and crude oil prices. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 1.3 percent at 2,477 ringgit ($624.64) a tonne at the […]
Read MoreMANILA, Philippines — The government’s fiscal position swung to a deficit during the first four months of the year on the back of higher-than-expected increase in revenues despite spending boost. According to Finance Secretary Carlos Dominguez III, the budget gap from January to April widened to P115.9 billion, P51.2 billion below program but P85.7 billion […]
Read MoreThe government will cap the diesel price at 30 baht per litre as part of efforts to ease the impact from increasing world oil prices. The Energy Ministry announced the move Tuesday, saying world oil prices have fluctuated greatly for two months. The price of Dubai crude rose UScopy5.30 (490 baht) per barrel on Saturday to […]
Read MoreKUALA LUMPUR: The government will not raise fuel retail prices at present even though global crude oil prices have hit above US$70 per barrel currently, said Prime Minister Tun Dr Mahathir Mohamad. He said this at a press conference after chairing the first Cabinet meeting at Bangunan Perdana Putra, in Putrajaya today. Following this announcement, […]
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Thailand
