Thailand‘s manufacturing production index (MPI) in February unexpectedly dropped 1.6% from a year earlier, led by lower production of steel, computers and rubber products, the Industry Ministry said on Tuesday. That compares with a forecast rise of 0.52% in a Reuters poll, and against January’s 0.18% increase. Capacity utilisation was at 69% in February, down from January’s […]
Read MoreKUALA LUMPUR: The ringgit opened higher against the US dollar in early trade amid the likelihood of a US dollar weakness, a dealer said. At 9.10 am (0110 gmt), the local currency traded at 4.0640/0680 compared with yesterday’s close of 4.0670/0700. He said trade tensions on the US-China trade front could put a floor to […]
Read MoreJAKARTA: Indonesia‘s government said on Monday it will encourage the country’s palm oil companies to file lawsuits against the European Union if the bloc goes ahead with a plan to phase out use of the commodity in renewable transport fuel. Indonesia, the world’s biggest palm oil producer, has strongly condemned the EU move to classify palm as a crop that causes […]
Read MoreLazada Group, a Singapore-based online shopping and selling platform, and Mastercard have entered into a five year partnership to develop Southeast Asia’s e-commerce ecosystem. The companies will jointly develop marketing and education campaigns to increase consumer confidence. They will also develop new reward schemes to incentivise the use of digital payments. Lazada will be able […]
Read MoreMyanmar’s parliament has enacted the Occupational Safety and Health (OSH) Law to promote safe and secure working environments for labourers and workers. The new law, signed by President U Win Myint on March 15, is expected to pave the way for the first legally-established health and safety standards in the country. It stipulated that OSH standards will […]
Read MoreThe Hanoitimes – VISA expects to become a credible partner for Vietnamese government in facilitating e-payment transactions in Vietnam, according to the company’s CEO. US-based payments tech company VISA wants to help Vietnamese people access financial solutions, said Alfred Kelly, CEO of VISA. VISA is expected to hold a conference on security measures for financial transactions […]
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