CRUDE palm oil (CPO) prices are expected to remain high above RM5,000 a tonne at least for the first half of this year driven by festive season demand and tight global edible oil supplies. Malaysian Palm Oil Board DG Datuk Dr Ahmad Parveez Ghulam Kadir said the current CPO price, which recently reached a high of […]
Read MoreThe cabinet on Tuesday approved cutting the excise tax on diesel and bunker oil used to generate electricity by the Electricity Generating Authority of Thailand (Egat) to zero in a bid to lower electricity bills for six months. Deputy government spokeswoman Rachada Dhnadirek said the cabinet agreed to reduce the excise tax on diesel oil […]
Read MoreMANILA, Philippines — Petron Corp. bounces back with a P6.14 billion in net earnings last year, a reversal of the P11.4 billion net loss in 2020, on higher volumes and recovery in international oil prices. Consolidated revenues jumped by 53 percent from P286 billion to P438.06 billion, driven by the increase in international prices and […]
Read MoreMALAYSIA recorded RM306.5 billion worth of approved investments in the manufacturing, services and primary sectors in 2021 — the highest amount of approved investments since 2006, according to the Malaysian Investment Development Authority (MIDA). The total foreign direct investment (FDI) and domestic direct investment (DDI) numbers exceeded expectations with stellar performance in 2021, increasing to […]
Read MoreA sense of caution tempers the excitement as stakeholders prepare for the full resumption of international tourism on March 15. Will Viet Nam’s quarantine rules prove a deterrent? The worry nags travel agencies, hoteliers, tourist destination managers and other stakeholders as they prepare hard for the return of international visitors, sprucing up their premises, hiring […]
Read MoreGold held near a 19-month high following a ban on Russian oil imports, as mounting concerns over inflation and economic growth boost demand for the haven asset. In Thailand, the Gold Traders Association announced on Wednesday morning the buying prices at 31,320.56 baht per baht-weight for gold ornaments and 31,900 baht per baht-weight for gold […]
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Thailand
