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WORLD

Indonesia says 17 dead after motorboat sinks in bad weather

Reuters, Published on 18/06/2019

» JAKARTA: At least 17 people, including four children, died after a motorboat sank in choppy waters off the Indonesian island of Java, a government official said on Tuesday.

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WORLD

Indonesian seaweed farmers seek B4.3bn from PTT over oil spill in Australia

Reuters, Published on 17/06/2019

» MELBOURNE: Indonesian seaweed farmers were set to seek more than A$200 million (4.3 billion baht) from Thailand's PTT Exploration and Production in a trial starting on Monday, to cover damage they say they suffered after Australia's worst oil spill.

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THAILAND

Fall armyworm invades crops across Asia

Reuters, Published on 20/06/2019

» NAKHON RATCHASIMA/SINGAPORE: Looking out at his empty, red-earth field, Thai farmer Puang Timdon said his two-week-old maize crop didn't stand a chance against the fall armyworm pest.

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THAILAND

Gold sprints to over 5-year peak

Reuters, Published on 20/06/2019

» Gold prices surged as much as 1.8% to their highest in more than five years on Thursday after the US Federal Reserve signalled possible interest rate cuts later this year, sending the dollar and US Treasury yields lower.

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WORLD

US fines firms transhipping via Cambodia to dodge Trump's China tariffs

Reuters, Published on 19/06/2019

» PHNOM PENH: The United States has fined several companies for exporting goods via a Chinese-owned special economic zone in Cambodia in a bid to dodge President Donald Trump's tariffs on Chinese imports, a US Embassy official told Reuters on Wednesday.

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WORLD

Indonesia police arrest 3 over deadly factory fire

Reuters, Published on 23/06/2019

» JAKARTA: Indonesian authorities have arrested three people suspected of negligence after a fire ripped through a makeshift factory in North Sumatra, killing 30 people, a police spokesman said on Sunday.

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WORLD

Strong quake recorded in Indonesia's Banda Sea, no tsunami

Reuters, Published on 24/06/2019

» DILI, East Timor: A powerful, deep 7.5 magnitude earthquake struck off the coasts of East Timor and Indonesia on Monday, and was felt as far away as Australia, but authorities said it did not have the potential to cause a tsunami.

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WORLD

Malaysia's 1MDB criminal case against Goldman Sachs delayed to September

Reuters, Published on 24/06/2019

» KUALA LUMPUR: Malaysia's criminal case against US investment bank Goldman Sachs involving $6.5 billion 1MDB bonds will be postponed to September, a court ruled on Monday, after defence lawyers asked for more time to receive instructions from their clients abroad.

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BUSINESS

Central bank seen holding key rate despite flagging growth

Reuters, Published on 24/06/2019

» Thailand's central bank is expected to keep its benchmark policy rate steady on Wednesday for a fourth straight meeting, a Reuters poll showed, despite slowing growth and the way many Asian central banks have shifted toward easing policy.

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BUSINESS

PTT to expand retail, power sectors amid slower growth

Reuters, Published on 24/06/2019

» KUALA LUMPUR: Thailand's state energy firm PTT Plc has stepped up investments in the retail and industrial power sectors to buffer the impact of a global economic slowdown on its oil refining and chemical businesses, its chief executive said on Monday.