Thursday, 21/2/2019 | 7:01 UTC+8
  • GP
    KL City GP caused businesses to incur losses

    The recent Kuala Lumpur City GP has not gone down well with businesses situated within the vicinity of the 3.2 km track. The Malaysian Employers Federation (MEF) has claimed that affected businesses have had to incur as much as three to four days’ worth of losses over the event period. Datuk Shamsuddin Bardan, MEF executive

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  • chennai-automobile-industry
    Indian economy better than most others in Asia

    India’s composite output Purchasing Managers’ Indices (PMI) is 52 for July, which is better than that of some large Asian economies India’s economy may not be in the best shape, but the Purchasing Managers’ Indices (PMIs) prove once again that it’s better off than most others in Asia. India’s composite output PMI is 52 for

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  • RM
    Husni: Ringgit’s performance largely influenced by global economic uncertainties

    PUTRAJAYA, Aug 4 ― Malaysia’s economy remains fundamentally sound, but the ringgit’s performance is being largely influenced by current global economic uncertainties. Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah cited Greece and China as two countries whose productivity had fallen, but Malaysia’s economy was still growing. “It is not only the ringgit. Currencies globally

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  • The rupiah, trading on Friday at 13,330 per dollar, is one of emerging Asia's worst-performing currencies this year having lost about 7 percent. (Antara Photo/Puspa Perwitasari)
    Rupiah is slightly undervalued?

    Indonesia’s rupiah currency is slightly weaker than it should be, the central bank governor said on 17 July 2015. “At this time the rupiah is slightly undervalued,” Governor Agus Martowardojo told reporters, adding that the central bank “will always be in the market but we are not maintaining the rupiah at a certain level.” The

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  • Philippines
    Philippines remaining poor in Asia although faster growth

    MANILA, July 18 — Although impressive economic growth during the past few years, the Philippines continues to be among the poorest countries in Southeast Asia as shown by recent findings of two reputable agencies, one foreign and the other locally-based. In its report, entitled An Outlook for Key Emerging Asian Markets, released this month, the

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  • Tourists walk through a street market on Sukhumvit Road in Bangkok, Thailand, on Aug 2, 2010. Photo: Bloomberg
    Thailand’s baht recorded its biggest weekly decline

    BANGKOK — Thailand’s baht recorded its biggest weekly decline since May 2015 as the government cut its forecast for economic growth and the Federal Reserve said it’s on track to raising interest rates this year. Southeast Asia’s second-biggest economy may expand 3 per cent in 2015, slower than an April estimate of 3.7 per cent,

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  • Phillipines Money
    Has Philippines’ economic boom ended?

    While much of the world’s focus has been on Greece’s economic turmoil and the Chinese market’s troubles, the Philippines — a darling of investors in recent years — has been dealing with a record fall in foreign investments in its stock market. These Filipino traders are facing an uphill battle. After rallying the Philippines’ stock

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  • Indonesia: Philip Morris Seeks $1 Billion From Stake Sale

    Philip Morris Said to Tap Banks for $1.5 Billion Indonesia Offer Philip Morris International Inc. is working with banks including Credit Suisse Group AG and JPMorgan Chase & Co. on the sale of about $1.5 billion of stock in an Indonesian cigarette maker, people with knowledge of the matter said. Philip Morris plans to offer

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  • Malaysian ringgit falls to 10-year low

    KUALA LUMPUR (June 29): The ringgit fell to a 10-year low as investors weighed whether Fitch Ratings would downgrade Malaysia and a worsening situation in Greece deterred risk-taking. The MSCI Asia Pacific Index declined for a fourth day as Greece imposed capital controls and shut lenders Monday to avert the collapse of its financial system.

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