Economic & financial news

Berjaya Construction, part of tycoon Vincent Tan’s Berjaya business network, will undertake design-and-build works for a RM1.2 billion (US$295.3 million) port development project in northwestern Malaysia.

Singapore’s largest lender DBS has denied rumors of a potential merger between its unit and Indonesia’s top private lender Bank Central Asia (BCA), controlled by Indonesia’s richest billionaire Robert Budi Hartono.

Malayan Banking (Maybank) has launched a new offering that allows eligible Singapore-based corporate clients to receive, hold and transact in Malaysian ringgit.

Vietnam gold prices fell marginally Thursday morning amid a slight decline of the precious metal on global markets.

The U.S. dollar went up against the Vietnamese dong Thursday.

Gasoline and diesel prices in Vietnam rose Thursday afternoon, following hikes in fuel prices on global markets.

Singapore-based Keppel has joined Vietnam's International Financial Center and is exploring investment platforms that could mobilize up to US$1 billion for real estate projects.

The U.S. dollar fell against the Vietnamese dong on the black market Wednesday morning.

Plans for a merger between Maxis and U Mobile, two mobile network operators backed by firms linked to late tycoon Ananda Krishnan and the daughter of Malaysia's billionaire king, have reportedly been revived.