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Business

Malaysian palm oil/Vegoils: Market factors to watch Monday Aug 14

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday August 14.

Business

Asian shares bounce after losses, US$ sags on weak US CPI(Update)

TOKYO: Asian stocks bounced on Monday after three losing sessions, tracking a firmer Wall Street, while the dollar was weighed down by tensions on the Korean peninsula and weak U.S. inflation data which dampened prospects of another Federal Reserve interest rate hike later this year.

Business

Philippine central bank seeks calm as peso hits 11-year low

MANILA: Bangko Sentral ng Pilipinas governor Nestor Espenilla called for calm yesterday after the peso fell to an almost 11-year low against the dollar last week, saying the currency isn’t expected to free fall given the nation’s strong economic fundamentals.

News

Still on aggressive growth

PIZZA delivery brand Domino’s is rather well established in the local market. But while it has the clout of an international brand, perhaps a crucial element to its growth in Malaysia is the local entrepreneurship behind the business here.

Business

The weekahead: After a long drought, bear market funds attract buyers

NEW YORK: Bearish stock investors are slowly coming out of hibernation, as money has begun to move into funds that aim to profit when markets dive.

Rugby

Rugby - Cheika feels for fans after Force chopped

SYDNEY (Reuters) - The decision to dump the Western Force from Super Rugby was a massive disappointment for the team's "huge" supporter base, Wallabies coach Michael Cheika said on Sunday.

AseanPlus News

Boxes of mochi seen in Taiwan F-16 fighter jet were souvenirs for pilot's commander

TAIPEI: No punishment will be meted out over the mochi-in-the-fighter-jet incident, Taiwan's Air Force Command Headquarters said Friday - and that was not even the strangest development in the story.

Business

Philippine central bank says peso not in freefall

MANILA: The Philippine central bank on Sunday sought to soothe frayed nerves in the foreign exchange market after the peso hit an 11-year low, saying it was not in a freefall and assuring it would be on guard against excessive volatility.

Vietnam

Rice to riches: Vietnam's shrimp farmers fish for fortunes

Soc Trang (Vietnam) (AFP) - With a flashy gold watch and a chunky matching ring, Tang Van Cuol looks a far cry from the average Vietnamese farmer as he slings back a shot of rice wine and boasts about his projected earnings.

Boxing

McGregor plans to rule fight game with 'iron fist'

(Reuters) - Mixed martial arts fighter Conor McGregor says he has become "the face of the fight game" ahead of his upcoming multi-million dollar boxing match against Floyd Mayweather in Las Vegas this month.