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Thailand weighs emergency decree to borrow up to 500b baht for crisis buffer
BANGKOK, April 20 — The Thai government is considering issuing an emergency decree to borrow up to 500 billion baht (RM61.61 billion) to prepare for potential economic and security crises, Deputy Prime Minister Pakorn Nilprapunt said today. Pakorn said the
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Jollibee acquires South Korea hot pot operator All Day Fresh in US$88.6m deal, eyes regional growth
SEOUL, April 20 — Jollibee Foods Corp., the leading fast food chain operator of the Philippines, has acquired a 100 per cent stake in All Day Fresh, the operator of South Korean hot pot chain Shabu All Day, Yonhap News
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South Korea’s Lee meets Modi in Delhi, eyes boost to trade and shipbuilding ties
SEOUL, April 20 — South Korean President Lee Jae Myung heads into talks with Indian Prime Minister Narendra Modi in New Delhi today, aiming for a big boost in economic cooperation, particularly in areas such as shipbuilding. It is the
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Dollar hits one-week high as US-Iran tensions drive flight to safety
SINGAPORE, April 20 — The US dollar firmed to its highest level in a week against major currencies today as renewed US-Iran tensions and shaky prospects of a peace deal in the Middle East sent investors toward safe havens. The
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US oil benchmark surges 7.5pc as ceasefire frays and Hormuz stalls
TOKYO, April 20 — The benchmark US oil contract West Texas Intermediate (WTI) surged 7.5 per cent today, as Iran accused the United States of having broken a ceasefire in place since early April. WTI crude was trading up 7.5
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High gold prices dampen India’s festival demand despite investment uptick
MUMBAI, April 20 — Gold demand during one of India’s key buying festivals stayed muted yesterday as record prices curbed jewellery purchases, offsetting a modest uptick in investment demand. Indians celebrated Akshaya Tritiya, the second-biggest gold-buying festival after Dhanteras, when
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IMF, World Bank meetings expose fading confidence in US leadership during global crises
WASHINGTON, April 19 — Global finance leaders, whipsawed by Middle East war news, came to grips this past week with their inability to mitigate the economic damage from increasingly frequent geopolitical shocks, and a realisation that counting on US leadership
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Airbus backs Malaysia as next aviation mega hub with new long-haul aircraft demand rising
KUALA LUMPUR, April 19 — Airbus sees strong potential for Malaysia, especially Kuala Lumpur International Airport (KLIA), to emerge as another super connector or mega hub in the Asia-Pacific region, alongside established hubs such as Singapore Changi Airport and Hong
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US grants fresh waiver on Russian oil sales to ease energy price surge
WASHINGTON, April 18 — US President Donald Trump’s administration yesterday issued a month-long sanctions waiver allowing the sale of Russian oil and petroleum products that are at sea, extending an earlier move to soften surging energy prices. The licence, issued
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Pineapple board says diversified demand cushions Malaysia’s exports from Middle East tensions
JASIN, April 18 — The country’s pineapple export industry has not been affected by the current West Asia crisis even though a significant portion of the export market is in the Middle East. Malaysian Pineapple Industry Board (LPNM) director-general Mohd
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