KUALA LUMPUR: Malaysia may collect up to $2.3 billion more in taxes and dividends from Petroliam Nasional Berhad, or Petronas, this year, a finance ministry official said on Wednesday, as firmer oil prices boost profits at the state energy firm. The new administration led by Tun Dr Mahathir Mohamad is relying more on Petronas – a […]
Read MoreThe Hanoitimes – Deputy Prime Minister Trinh Dinh Dung recently signed a decision on restructuring the nation’s industrial and construction sectors in 2018-2020 with vision to 2025, targeting to have the sectors accounting for 30-35 percent of the country’s GDP by 2020. Under Decision No. 598/GD-TTg, the growth rate of the industrial and construction sectors must […]
Read MoreDomestic businesses are struggling to grow and many are on a downward trend, according to the latest survey conducted by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). The UMFCCI’s survey supports the findings of two previous studies conducted in the last six months by Roland Berger and the European Chamber of […]
Read MoreInfrastructure, other capital spending up 95.9 percent in April Infrastructure and other capital expenditures surged in April, the Budget department reported on Wednesday, with the government said to be keeping its “foot on the gas pedal” with regard to promises to boost outlays for economic development. Spending was said to have hit P65.6 billion during […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia`s (BI) board of governors` meeting today resulted in a decision to increase the 7-Day Reverse Repo Rate (7DRR) by 25 bps to 4.75 percent. The deposit facility rate and the lending facility rate are also raised by 25 bps to 4.0 percent and 5.5 percent, respectively. The decision is put into effect starting […]
Read MoreIt was a pretty bad day for Asian stock markets. For Malaysia, it was even worse. The FTSE Bursa Malaysia KLCI Index plunged as much as 3.7 percent, with losses snowballing after the midday break. The gauge headed for its biggest single-day slump since October 2008 as of 4:09 p.m. local time, with declines surpassing […]
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