Macroeconomic stability could be threatened by the Philippines’ record low interest rates, a Fitch Group unit warned. “We highlight the risk that the record low interest rates may lead to speculative and unproductive investment decisions, posing increasing downside risks to macroeconomic stability in the coming years,” BMI Research said in a report released on Wednesday. […]
Read MoreTOO many cooks are spoiling the broth in Singapore’s pursuit of a cashless society. Competition among e-payment players will improve user experience, certainly, but Singapore does not need another new e-wallet; it needs a standardised Quick Response (QR) code or Point-of-Sale (POS) terminal, observers tell The Business Times. Anna Haotanto, chief executive of The New […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) raised its economic growth forecast for this year because of expanding exports and tourism, but it kept the policy interest rate unchanged yesterday as widely expected. The economic growth forecast for this year was increased to 3.8% from 3.5%, while next year’s growth forecast was also given […]
Read MoreBusiness tycoon Try Pheap signed a memorandum of understanding (MoU) on Tuesday with a Beijing-based company that aims to establish a 100-hectare automotive assembly plant in the Kingdom’s Kampot province with initial capital investment of $30 million, according to reports in local media. The plant will produce everything from trucks to cars and motorcycles, as […]
Read MoreSenior officials of Laos and Thailand have agreed to maintain security and order along the border and to reinforce economic cooperation between the two nations. These were among the key outcomes of a meeting in Vientiane on Tuesday between governors of Lao and Thai provinces that share borders along the Mekong River and on land. […]
Read MoreKUALA LUMPUR: Bank Islam Brunei Darussalam Bhd., the Southeast Asian sultanate’s biggest lender, has postponed a planned initial public offering that could raise as much as us$500mil, people familiar with the matter said. Bank Islam needs more time to complete some internal restructuring procedures before it proceeds with the listing in Kuala Lumpur, the people […]
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