KUALA LUMPUR, Nov 12 ― Malaysia’s Current Account Balance (CAB) recorded a surplus of RM11.6 billion in the third quarter of 2021 (Q3 2021) compared to RM14.4 billion in the previous quarter (Q2 2021), the Department of Statistics Malaysia (DOSM) said. Chief statistician Datuk Seri Mohd Uzir Mahidin said the narrowing current account surplus in […]
Read MoreThe Malaysian e-commerce market, one of the fastest growing in the Southeast Asia, is expected to register a strong growth of 10.6% in 2021 due to an accelerated shift towards online shopping among consumers caused by the COVID-19 pandemic, forecasts GlobalData, a leading data and analytics company. Nikhil Reddy, Payments Senior Analyst at GlobalData, comments: […]
Read MoreMANILA, Philippines — More economists are adjusting their growth forecasts for the Philippines this year mainly on account of the stronger-than-expected gross domestic product (GDP) performance in the third quarter. Jonathan Koh, economist for Asia at Standard Chartered Bank, said the bank has raised its GDP growth forecast for the Philippines to five percent from […]
Read MoreThe Ministry of Industry and Trade and Ministry of Finance will adjust gasoline prices every ten days, to help keep domestic gasoline prices in line with global fluctuations, according to industry insiders. This change is outlined in Decree No.95/2021/NĐ-CP dated November 1, 2021. This amends Decree No. 83/2014/NĐ-CP regarding oil and petroleum business. Under the new rules, gasoline prices will […]
Read MoreThe baht opened at 32.85 to the US dollar on Friday, strengthening from Thursday’s closing of 32.93. The Thai currency is likely to move between 32.75 and 32.90 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He added that the baht is likely to swing sideways despite pressure from a […]
Read MoreMANILA, Philippines — A perfect storm of hard lockdowns and elevated inflation tarnished JG Summit Holdings Inc.’s balance sheet in the third quarter, derailing the company’s delicate recovery from the coronavirus onslaught The Gokongwei-led conglomerate posted a net loss of P3.4 billion in the July-September period, a reversal from P844.1 million net income posted in […]
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