Thailand will sign a tripartite electricity-trading agreement with Laos and Malaysia, engaging in transmission process. Vietnam News Agency reported permanent secretary of the Thai Energy Ministry Areepong Bhoocha-Oom said the agreement is scheduled to be inked at the Asean Energy Ministers’ Meeting in Manila Sept 17-22. Under the agreement, Laos will sell electricity to Malaysia, using Thailand’s transmission […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures rebounded from a one-week low to end the trading day slightly higher, supported by a weaker ringgit which makes the tropical oil cheaper for holders of foreign currencies. The ringgit, in which palm oil is traded, hovered at 3-week lows during Thursday’s trading session, closing at its intraday low of 4.2855 against the U.S. […]
Read MorePETALING JAYA: Malaysia’s consumer price index (CPI) measuring headline inflation rose a lower than expected 3.9% in May compared to a year ago as fuel prices fell. Economists had expected a 4.1% rise in the CPI, which includes volatile food and fuel prices. Core inflation, which excludes food and fuel, rose 2.6%. The CPI rose […]
Read MoreTHAILAND is preparing to sign a tripartite electricity-trading agreement with two neighbouring countries at the upcoming Asean Ministers of Energy Meeting. Energy Ministry permanent secretary Areepong Bhoocha-Oom said the agreement would pave the way for the Laos-Thailand-Malaysia electricity deal, enabling the Asean Power Grid to materialise. “The agreement will be for the sale and purchase […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures rose to their highest in two weeks on Monday in a fourth consecutive session of gains, tracking other edible oils and on forecasts of lower end-stocks in Indonesia. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 0.2 percent to 2,488 ringgit ($581.85) a tonne at the close […]
Read MoreWITH consumer sentiment expected to improve over the coming quarters, e-commerce marketplace 11street is eyeing a 70% growth in gross merchandise value (GMV) in Malaysia for 2017. “Previously, the market was affected by the overall slower economy in Malaysia and consumers were limited by budget. But the market is improving and moving forward, we will […]
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