KUALA LUMPUR: Malaysia’s exports surged 13.6% in January 2017 to RM70.24bil, underpinned by double-digit growth in all major sectors, the Ministry of International Trade and Industry (MITI) said on Friday. The 13.6% increase from a year ago was however, slightly lower than Bloomberg’s survey of a15% increase. MITI said the January exports were the highest […]
Read MoreKasikornbank (KBank) has launched a cross-border fund transfer service for 13 Asian currencies, bilaterally, expecting to help customers save around 12 billion baht on foreign exchange this year. Yesterday KBank claimed it is the first Thai bank to have a transfer service for the 10 Asean currencies and the yuan, yen and won, or the […]
Read MoreKUALA LUMPUR: Malaysia is expecting a sluggish year in total investments as global businesses continue to navigate headwinds and uncertainty. International Trade and Industry Minister Datuk Seri Mustapa Mohamed is projecting that the country’s services and manufacturing sectors, which pulled through a stormy 2016 to chart modest growth in investments and projects, could see up […]
Read MoreMANILA, Philippines – The government incurred a budget deficit of P353.4 billion in 2016, widening by almost three-fold, or 190 percent, from the P121.7 billion shortfall recorded in 2015 amid the Duterte administrations efforts to ramp up public spending on infrastructure, the Bureau of the Treasury reported yesterday. “The outturns reflect strong expenditure growth of […]
Read MoreKUALA LUMPUR (Reuters) – Malaysia’s central bank kept its key rate unchanged yesterday as expected, and expressed optimism that the better growth momentum seen in late 2016 can be sustained through this year. Most economists predicted the key rate will remain at 3 percent the rest of this year, especially if United States rates rise, […]
Read MoreThe government needs to urgently amend its industrial development policy to spur the inclusive growth of small- and medium-size enterprises (SMEs) and develop a national logistics platform to cut onerous shipping costs if Cambodia is to find a place in global value chains, panellists at a macroeconomic conference said yesterday. Speaking at yesterday’s 2017 Outlook […]
Read More
Thailand
