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Garuda Indonesia cuts airfares by 50 percent in anniversary offer

Flag carrier Garuda Indonesia is offering 50 percent discounts on airfares from March 31 to April 13 to celebrate the 21st anniversary of the State-Owned Enterprises Ministry. “Lowering the airfares is Garuda Indonesia’s consistent commitment to making its 5-star service affordable for all Indonesian people,” Garuda Indonesia commerce director Pikri Ilham Kurniansyah said in a statement […]

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Philippines tackles palm oil dumping with ASEAN neighbors

MANILA, Philippines — The Philippines is set to resolve the dumping of palm oil exports of neighboring ASEAN countries that had caused the slump of prices in the local coconut industry. Agriculture Secretary Emmanuel Piñol said Indonesia and Malaysia both agreed to form a tripartite technical working group to address the dumping of palm oil into the country. “Importation data gathered by […]

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Thailand: KBank raises concerns over investment risk

Kasikornbank (KBank) will trim its 2019 economic growth forecast because of a global economic slowdown and the possibility of lukewarm private investment if there is a lengthy process forming a new government.  “We will cut our economic growth forecast soon, as many risks are present and this could dent growth,” said Kobsidthi Silpachai, head of capital […]

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Malaysia – MIDF: Inflation likely to remain low

PETALING JAYA: Malaysia’s inflation rate is expected to remain low in the first half of this year thanks to the continuous decline in producer prices, according to MIDF Research. A low inflation rate would be a boon for savers as they would have more spending power and opportunities to earn an inflation-beating return on their […]

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