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JUBA - Three years into a civil war and with inflation above 800 percent, South Sudan's government is struggling to pay its troops. When delayed wages finally arrive, the cash is so devalued it barely buys food for a week.
NEW YORK: Oil prices pared gains after the settlement Tuesday, as evidence of surging U.S. crude oil stockpiles underscored concerns that shale production might limit the effectiveness of an OPEC-led effort to cut global output.
KUALA LUMPUR: Malaysian palm oil futures came off near three-month lows to trade higher on Tuesday evening on concerns about a decline in February production, traders say.
SINGAPORE: Singapore’s central bank said it will allow foreign takeovers of the country’s three finance companies, as part of wider industry changes that seek to boost lending to small and medium enterprises (SMEs).
PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) reported a 54% surge in its plantation pre-tax profit to RM419.4mil, thanks to improved selling prices for crude palm oil (CPO) and palm kernel (PK) for its first quarter ended Dec 31, 2016 (Q1’17)
KUALA LUMPUR: Malaysia will record a modest growth of between 4.2% and 4.3% this year, largely driven by domestic demand and infrastructural projects, say economists.