KUALA LUMPUR, Nov 3 ― The ringgit opened lower against the US dollar today ahead of the Bank Negara Malaysia’s (BNM) Monetary Policy Committee’s overnight policy rate (OPR) announcement and Federal Open Market Committee (FOMC) meeting. At 9.15am, the local note slipped to 4.1500/1535 versus the greenback from 4.1480/1495 at yesterday’s close. Bank Islam Malaysia […]
Read MoreMANILA, Philippines — The government will pursue amendments to the implementing rules and regulations or IRR of the Build-Operate-Transfer (BOT) Law to ensure that public-private partnership (PPP) projects implemented will not be disadvantageous to Filipinos. In a statement, the National Economic and Development Authority (NEDA) and the PPP Center said President Duterte has ordered the […]
Read MoreThe baht opened at 33.28 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 33.24. The Thai currency is likely to move between 33.20 and 33.40 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might fluctuate and weaken because the dollar strengthened and investors bought […]
Read MoreRetail fuel prices have been gradually increasing in recent weeks, adding another burden for low-income households whose finances have been hit hard by Covid-19. The retail selling price of petrol in the Kingdom from November 1-15 has been set at 4,550 riel ($1.12) per litre of regular EA92 – with an octane rating of at […]
Read MoreThe Commerce Ministry is keeping a close eye on rising prices of vegetables and other consumer products, the costs of which have been driven up by floods and higher oil and raw material prices. The ministry is calling for cooperation from manufacturers to help keep their products’ prices stable, and will provide 50 mobile units […]
Read MoreMicro-, small- and medium-sized enterprises (MSMEs) in Indonesia employ a staggering 97.2 per cent of the country’s total workforce but are contributing only close to 60 per cent of the US$1.2 trillion economy. As one of the major drivers of the Indonesian economy, they appear to be punching below their weight in terms of economic output. In order […]
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