Malaysia’s Palm Oil Stockpiles Rose 12.63 Percent Month On Month In May

Malaysia, the world’s second largest palm oil producer, saw its palm oil stock rise 12.63 percent from the previous month to 1.69 million tonnes in May, official data showed, yesterday.According to the Malaysian Palm Oil Board, Malaysia’s crude palm o…

Malaysia’s Wholesale, Retail Trade Up 6.3 Percent In Apr

Malaysia’s wholesale and retail trade, recorded a monthly sales value of 136 billion ringgit (29.45 billion U.S. dollars) in Apr, growing 6.3 percent year-on-year, official data showed, yesterday.The Department of Statistics Malaysia (DOSM), said in a…

Iloilo town seeks to revive dying salt industry

A 48-year-old social worker from the municipality of Miagao is now leading the way in reviving the town’s dying ‘Budbud’ sea salt industry. Lorlie Noblezada, the owner of the De Paul Artisanal Salt Manufacturing based in Barangay Mambatad, said on Mon…

Economist sees peso stabilizing at 55 to 56 vs. US dollar

The Philippine peso is expected to stabilize between 55 to 56 against the greenback ahead of the expected pause in the Federal Reserve’s rate hiking cycle and continuation of the same decision for the Bangko Sentral ng Pilipinas (BSP) this month. In a…

Malaysian Ringgit Opens Lower Against Greenback Ahead Of Midweek Us Interest Rate Decision

The ringgit opened lower against the US dollar Monday on cautious sentiment ahead of the US Federal Open Market Committee (FOMC) meeting on June 13 and 14.At 9.08 am, the local note was traded at 4.6155/6185 against the greenback compared with Friday’…

BSP’s polymer bill promotion wins international award

The communication campaign of the Bangko Sentral ng Pilipinas (BSP) for the PHP1,000 polymer banknote was recognized recently by the International Association for Currency Affairs (IACA) at the 2023 Excellence in Currency Award in Mexico City. The cam…

ASEAN-BAC calls for boosting trade, investment with Japan

Chair of the ASEAN Business Advisory Council (ASEAN-BAC) Arsjad Rasjid has said that the close partnership between ASEAN and Japan over the past 50 years will accelerate the strengthening of economic integration and the establishment of a free trade a…