Oil refinery at twilight, Aerial view petrochemical plant and oil refinery plant background at night,  Petrochemical oil refinery factory plant at twilight.
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Philippine manufacturing output further declines in December 2019

MANILA (Xinhua) – The Philippine Statistics Authority (PSA) said yesterday that the performance of manufacturing production in the Philippines continued to decline for the 12th consecutive month in December, resulting in a full-year decline in 2019. Based on the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI), PSA said that year-on-year volume of […]

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Malaysia’s top 3 banks need to maintain higher than normal capital needs

PETALING JAYA: Malaysia’s top three banks would need to maintain higher than normal capital requirements in order to mitigate risks to the overall banking system, said Bank Negara. In introducing a new framework, the central bank has identified MALAYAN BANKING BHD (Maybank), CIMB GROUP HOLDINGS BHD and PUBLIC BANK BHD as those falling into the domestic systemically important banks (D-SIBs). Under […]

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Mondulkiri Airport will aid plans for biggest eco-tourism region in Cambodia

Mondulkiri province has been flagged for transformation into the biggest agro- and eco-tourism destination in Cambodia, according to the Ministry of Economy and Finance. A feasibility study includes upgrading an airport for the capital, Sen Monorom, for domestic and international destinations. Mondulkiri is Cambodia’s biggest and most sparsely populated province, measuring more than 14,000 square […]

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Thailand: BoT cuts policy rate to record-low 1%

The Bank of Thailand yesterday cut its policy rate by 25 basis points to an unprecedented 1% to curb the impact of the novel coronavirus outbreak, the delayed fiscal budget and severe drought conditions. The decision prompted Kasikornbank (KBank) to pass on the cut in full for its minimum retail rate (MRR). Spearheading rate reductions, […]

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