Gold prices have been trading in narrow sideways trend and exhibited a recovery on Friday. This week, the trend might move into a recovery while Dollar weakens. Yellow metal is prone to climb higher b…
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Weekly RUBBER Report – 2 Dec 2019
Market Fundamentals: The Dollar Index (USDX) behaved firm last week but topped off 98.50 level on Friday. Rubber prices have been submerging last week but prone to recover in coming week. The meeting …
Ayala to invest $1 B for energy projects
The energy investment platform of the Ayala Group will be investing $1 billion next year across five power markets that will include the Philippines, Vietnam, Australia, India and Myanmar. The capital…
Malaysia: At the top of the Islamic digital world
For years, Malaysia has seen huge contributions to its GDP come from its burgeoning digital economy, with a prediction that 21% of the nation’s GDP will be digitalized against the current level of 18%…
Singapore set to become world’s first sustainable palm oil nation
Singapore could become the world’s first country to only use sustainable palm oil as part of a green push to tackle forest fires and air pollution blighting Southeast Asia. Palm oil is the world’s mos…
Why Did India Suddenly Pull Out of the World’s Largest Trade Deal?
After seven long years of talks, leaders of 15 Asia-Pacific nations finally reached an agreement on the world’s largest trade deal, the Regional Comprehensive Economic Partnership (RCEP), in Bangkok i…
Govt claims half of Myanmar households will have power by year-end
The Ministry of Electricity and Energy said half of the households would have electricity by the end of 2019; despite the chronic power shortages, the country faces due to increasing demand. U Thura A…
Trial run of Indian ships using Bangladeshi ports to begin in January
Bangladesh, India also agree to provide cruise ship passengers with on-arrival visas India will soon have access to Bangladeshi ports for movements of its cargo ships to and from India. The first tria…
Sri Lanka awaits winter tourists to revive terror-hit sector
Seven months after a wave of suicide bombs sucked the life out of Sri Lanka’s tourism sector, winter holidaymakers have returned to reclaim the empty shores along the southern coast of the South…
Sri Lanka sets 5-year economic development target to achieve prosperity
Sri Lanka’s new government headed by President Gotabaya Rajapaksa has set a five-year economic development target to guide the country towards a prosperous future. The target includes achieving …