MANILA, Philippines — Listed utility firm Manila Electric Co. raised its power rate in March after a scheduled maintenance of Malampaya facility pushed up generation costs for the month. In a statement on Friday, Meralco said its overall electricity rate went up by P0.5453 per kWh to P11.4348 per kWh this month. That means a typical […]
Read MorePETALING JAYA: Economists have welcomed Bank Negara’s move to keep the country’s benchmark interest rate unchanged for the second time this year. With the economy expected to slow down in the coming quarters amid elevated price pressures, the central bank’s decision to retain the overnight policy rate (OPR) at 2.75% may provide breathing space for […]
Read MoreGrab Thailand is optimistic with regard to its operating profit this year given the business direction of its parent, Nasdaq-listed Grab Holding, which aims to break even. The local unit plans to focus on sustainable growth thanks to the recovery of its core businesses, especially ride-hailing, with daily service usage slightly surpassing levels posted before the […]
Read MoreSINGAPORE: Private sector economists have raised slightly their forecast for Singapore’s economic growth in 2023, with the pace seen accelerating to 2.5% in 2024, according to a Monetary Authority of Singapore (MAS) survey. Most of the 21 economists and analysts who participated in the quarterly survey believe robust growth in China, underpinned by economic reopening […]
Read MoreCambodia is expected to become the biggest cashew producer in the world by surpassing the Ivory Coast, said Prime Minister Hun Sen at the official opening ceremony of the 7th River Festival in Stung Sen city, Kampong Thom province Thursday. Cambodia produces up to 1,180,000 tonnes of cashew nuts on a total land area of […]
Read MorePetrol retailers and industry insiders are calling for a change in the state management of fuel to ensure businesses can stay afloat. At last week’s session of the National Assembly Economic Committee on the petroleum market, Giang Chan Tay, director of petrol retailer Boi Ngoc Co., Ltd. in the Mekong Delta province of Tra Vinh, […]
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