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agriculture, Malaysia, statistics, Thailand, Transport, Uncategorized

Asia business news wrap

  • Malaysia’s economy is expected to expand 5 percent this year as a “strong” banking system and rising foreign direct investment help cushion the country from the global economic slump, says International Trade and Industry Minister Mustapa Mohamed.
  • AirAsia X Sdn Bhd, the long-haul affiliate of Asia’s biggest discount carrier, may add at least 60 more aircraft to support possible hubs in Japan and Australia.
  • Analysts have lowered their predictions for Thailand’s economic growth this year to 4.1 percent and to 4.2 percent in 2012, citing the slump in the US and Europe and its impact on exports.
  • Malaysia stocks would see outflows of as much as RM14 billion if foreign ownership levels fall to the previous low, Credit Suisse Group AG says. Foreign ownership in Malaysia dropped to 21.6 percent in August from 22.1 percent in July.
  • The price of palm oil may drop for the first time in three years as favorable weather boosts supplies and a global economic slowdown weakens demand, potentially cooling world food costs.



About Samantha Magick

Journalist and editor


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