PETALING JAYA: Earnings of plantation companies have likely peaked in the second quarter of 2022 (2Q22) as the average crude palm oil (CPO) price of RM4,116 per tonne in July-August is more than one-third lower compared with 2Q22. CGS-CIMB Research said CPO prices could weaken due to higher Indonesian palm oil exports following the recent […]
Read MoreThe cabinet on Tuesday approved extensions of both the diesel tax cut for two more months and the electricity bill subsidy until December, in an attempt to mitigate the impact of high energy prices. According to government spokesman Anucha Burapachaisri, the extension of the measures is necessary to help people suffering from rising costs of living […]
Read MoreMANILA, Philippines — Companies in the Philippines would likely temper salary increases next year, as firms try to recover from the pandemic’s onslaught while convincing top talents to stay. Local employers are projected to bump up employees’ salaries by 5.3% on average next year, American asset management firm Mercer said in a report. If realized, […]
Read MoreWhile not exactly the rush it was hoping for, Thailand is seeing applications trickle in for its new visa programme targeted at rich foreigners with officials viewing it as a sign of more to come. Around 400 people have sought the visa within the first 12 days of it being rolled out, with pensioners making up […]
Read MoreMergers and acquisitions (M&A) in Vietnam sustained its strong pace in the first six months of 2022 with a total value of $4.97 billion. Despite emerging from the pandemic, Vietnam’s M&A sector had a strong start to the year. Du Vinh Tran, EY’s Indochina strategy and transactions leader, said: “In the Vietnamese market, we still […]
Read MoreDespite the adverse impacts of Covid-19, ASEAN remained an attractive investment destination, said Sun Chanthol, Senior Minister, Minister of Public Works and Transport. While delivering a speech on ‘Enhancing ASEAN Transport Connectivity to promote regional trade and Investments’ at the ASEAN Leadership and Partnership Forum (ALPF) in Phnom Penh on Monday, the minister said, “According […]
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