MALAYSIA - The central bank on May 7 became the first in Southeast Asia to cut its key interest rate this year, by 25 basis points to 3.0%, moving to support its economy at a time of concern about global growth.
Boustead Plantations
earnings surge 58%: Boustead Plantations Bhd’s net profit jumped 58% to RM37.36mil in the third quarter compared with RM23.63mil a year earlier on better palm product prices and lower operating expenditure for shortfalls in fresh fruit bunches production. Its revenue rose to RM199.32mil from RM166.55mil previously. The company declared a dividend of 5 sen per share for the year ending Dec 31, 2016. — StarBiz
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