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Thai fin ministry cuts 2021 GDP growth outlook on tourism slump
BANGKOK: Thailand's finance ministry on Thursday slashed its 2021 economic growth forecast to 2.8%, from 4.5% growth it projected earlier, after fresh waves of COVID-19 cases in the Southeast Asian nation and other countries hit tourism.
Gold falls as safe-haven appeal shifts to dollar
BENGALURU: Gold prices fell on Thursday as investors flocked to the safety of the dollar after global equity markets slipped and the Federal Reserve raised concerns about the pace of economic recovery in the United States.
Cathay Pacific raises US$870mil in convertible bonds to shore up liquidity, shares fall
HONG KONG's Cathay Pacific Airways Ltd said on Thursday it would issue HK$6.74 billion ($869.51 million) of convertible bonds to shore up liquidity, sending shares down as much as 9.4% in the worst daily decline in 12 years.
Petronas stays as most valuable Asean brand
KUALA LUMPUR: Petronas president and group chief executive officer Tengku Muhammad Taufik has been ranked 38th in the list of 100 best global Brand Guardians 2021 and recognised among the world’s top three O&G CEOs as well as the highest-ranked Asean CEO.
EPF to resume counter services at KL branch on Friday
KUALA LUMPUR: The Employees Provident Fund (EPF) will resume counter services at its Jalan Raja Laut branch here on Friday.
Petronas named most valuable Asean brand for 2021
KUALA LUMPUR: Petroliam Nasional Berhad (Petronas) has retained its position as the most valuable Asean brand in the Brand Finance Global 500 report for 2021.