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Tag Archives: economy

Currencies in South-East Asia steady ahead of Fed rate hike

Thursday, 16 March 2017 PETALING JAYA: Emerging-market currencies in South-East Asia are holding steady ahead of this week’s United States Federal Reserve (Fed) meeting, which may potentially see another interest rate hike. This is in stark contrast to last December when emerging-market currency exchange rates steeply weakened ahead of the …

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Timber firms hit by reduction in log export quota

Monday, 27 February 2017 KUCHING: The state authorities’ reduction in logs export quota and tigthening of timber harvesting activities, coupled with sluggish plywood market, have negatively impacted Sarawak-based timber firms’ bottom lines while slashing the state government’s foreign exchange earnings. Last year, Sarawak’s export receipt from logs and timber products …

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