A recent heavy slump in palm oil demand is expected to persist through the first half of 2020 as a growing number of countries impose lockdowns to contain the coronavirus outbreak, the Malaysian palm …
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Improved sentiment, lower oil prices to boost peso
THE PESO could find support from better market sentiment this week, as governments around the world announced more measures to help cushion the impact of the coronavirus disease 2019 (COVID-19) pandem…
Doing office at home, digitally
As part of a new development in response to the impact of corona virus, a number of large global and private offices in the capital have recently asked its officials to work at home, and send their fi…
Oil Prices Fall Again as OPEC Deals Fails to Materialise
Oil prices plummeted to their lowest levels since 2003 as an anticipated deal between OPEC and the U.S. failed to materialise. Monday morning in Asia, International Brent Oil Futures fell 4.09% fall t…
Russia And Bangladesh Expand Nuclear Cooperation
A number of documents have been signed between Russian state nuclear corporation Rosatom and the government of Bangladesh that will enhance existing bilateral cooperation in the use of atomic energy f…
Panic buying, lockdowns may drive world food inflation: FAO, analysts
Lockdowns and panic food buying due to the coronavirus pandemic could ignite world food inflation even though there are ample supplies of staple grains and oilseeds in key exporting nations, a senior …
Michelin to suspend U.S., Canada tire production
Michelin North America Inc. has begun to idle some of its tire plants in the U.S. and Canada as part of a “phased” suspension of manufacturing that will last for at least two weeks. The mo…
Malaysia central bank has more room to flex monetary muscle
Malaysia’s central bank has the firepower to inject more cash into the banking system to boost lending and support growth, with another policy rate cut not being ruled out as authorities in the …
Myanmar Unveils $70-Million Stimulus Package to Ease Economic Blow From Virus
The Myanmar government has announced an initial stimulus package to cushion the impact of COVID-19 on the country’s economy, including 100 billion kyats (nearly US$70 million) worth of loans, eased de…
Cambodia Chooses Solar Energy Over Damming the Mekong River
Cambodia will not develop new hydropower dams on the Mekong River for the next 10 years, a senior energy official said on Wednesday. The announcement comes as Cambodia reviews its policy to seek solar…