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Thailand: ADB, Escap raise GDP outlook

Asian Development Bank (ADB) yesterday hiked its forecast for Thai GDP growth to 3.8% this year and next, while the UN Economic and Social Commission for Asia and the Pacific (Escap) upgraded its 2017 estimate to 3.5% and raised its 2018 view to 3.4%. The Manila-based ADB predicts that a pickup in exports and private […]

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Mobile money services gaining popularity across Myanmar

The use of mobile money services offered by telecommunications operators have been increasing throughout the country, officials of the two leading service providers Telenor and Ooredoo said Wednesday. Telenor Myanmar launched mobile money service through Wave Money in 2016, while Ooredoo Myanmar launched its mobile money services through M-Pitesan in September. These digital money transfer services […]

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Bank Indonesia Maintains Reference Rate at 4.25 Percent

TEMPO.CO, Jakarta – The Bank Indonesia (BI) board of governors meeting has resulted in a decision to maintain the Seven-Day Reverse Repo Rate at 4.25 percent, with the deposit facility interest rate maintained at 3.50 percent. BI has also decided to maintain the Lending Facility interest rate at 5.00 percent. The decisions made at the meeting that was held on […]

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Vietnam calls for more investments from the US enterprise

The Hanoitimes – Nguyen Thien Nhan, Secretary of the Ho Chi Minh City Party’s Committee, has called on US technological groups and companies to expand their investment and cooperation in the city. He had working sessions with representatives of leading US technological groups and companies like Intel, Allied Telesis, Zoom and Marvell, which are investing in […]

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Top spot for Cambodia in new index

Prudential Cambodia launched the Prudential Relationship Index (PRI) for 2017 on Thursday, which found that this year Cambodia has jumped to the top place, from fourth in 2016, to become the highest-scoring market in terms of relationship fulfilment. Nine markets were part of the region-wide study – Cambodia, China, Hong Kong, Indonesia, Malaysia, the Philippines, […]

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Malaysian debt concerns mitigated by strong growth

PETALING JAYA: Moody’s Investors Service, which recently re-affirmed the country’s sovereign credit ratings, has highlighted concerns over the government’s debt that the rating agency feels would be mitigated by the strong economic growth. According to Moody’s, the country’s resilient economic growth, deep domestic capital market, large international asset position and sizeable export proceeds could help […]

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