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Malaysian palm price slips on caution ahead of Dec data release

KUALA LUMPUR: Malaysian palm oil futures fell on Monday, a second drop in four sessions, as traders remained cautious over official data due to be released by the industry regulator this week. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed down 0.6 percent to 2,160 ringgit ($524.78), while trading volumes stood at 30,366 lots […]

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Asean economic meeting to focus on 12 top issues

As chair of Asean this year, Thailand is set to host the first senior economic official meeting (Seom) during Jan 12-18 in Bangkok, highlighting 12 key economic issues as top priorities.  Auramon Supthaweethum, director-general of Trade Negotiations Department, said the issues for the first Seom comprise how to reduce transaction costs by 10% in 2020, […]

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Thailand: Optimism despite obstacles

Thailand’s economy will face a number of disruptions this year, from the US-China trade war to domestic elections, while overall economic growth is expected to marginally decrease, according to a panel of government officials and a banker. Speaking Monday at a seminar titled “Next Thailand Economic Challenge”, the group discussed the outlook this year for the […]

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Vietnam: HCM City’s tax authority suspends enforcement decision against Sabeco

HANOI — The Tax Department of HCM City has decided to suspend its decision to collect VND3.14 trillion (US$134.8 million) from Sai Gon Beer-Alcohol-Beverage Corporation (Sabeco) for the company’s special sales tax violations. The suspension was made following the Government Office’s official letter, dated January 2, in which Prime Minister Nguyen Xuan Phuc requested the […]

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