MANILA (REUTERS) – Developing Asia could grow more slowly than previously thought next year as the US-China trade war inflicts collateral damage on the region’s export-reliant economies, the Asian Development Bank (ADB) said on Wednesday (Sept 26). Tightening global liquidity could also weigh on business activity by pushing up borrowing costs, while capital outflows are also a […]
Read MoreSINGAPORE – People in Singapore are living longer, but their savings may peter out sooner than expected as they enter their golden years. A survey released on Tuesday (Sept 25) by international research firm Economist Intelligence Unit (EIU) and insurer Prudential found that most respondents say they plan to rely on a wide range of […]
Read MoreMANILA, Philippines — The Asian Development Bank on Wednesday downwardly revised its growth outlook on the Philippine economy following the slower than expected gross domestic product expansion in the first half of the year. In an update of its annual economic publication, the Manila-based multilateral lender said it expects the Philippine economy to grow 6.4 percent […]
Read MoreConvenient store chain Indomaret and Indomaret Point, owned by retail group Indomarco Prismatama, were the top-selling retailers of 2017, racking up a combined US$4.89 billion in sales, according to London-based strategic market research company Euromonitor International With the total sales, Indomaret beats its closest competitor Alfamart, owned by Sumber Alfaria Trijaya, which booked US$3.97 billion […]
Read MorePETALING JAYA: Despite the air of optimism sweeping over the oil and gas (O&G) industry amid rising oil prices, national energy company Petroliam Nasional Bhd (Petronas) president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin believes that all players should still “tread cautiously”. Brent crude yesterday breached US$81 per barrel, its highest since 2014, due to the […]
Read MoreCHEVRON THAILAND Holdings Ltd, PTT Exploration and Production Plc (PTTEP) and PTTEP Energy Development competed yesterday in an auction for the Erawan and Bongkot petroleum fields. Meanwhile, a citizen’s group is demanding a halt to the auction until proper negotiation takes place. Representatives of the companies submitted their auction documents to the Department of Natural Fuels […]
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Thailand
