ECONOMIC growth will decelerate across advanced and emerging market economies, according to Moody’s research released yesterday. In the US, the ongoing removal of monetary accommodation, waning fiscal stimulus, and restrictive trade policies will start weighing on financial markets and economic activity, the company said. Other advanced economies will also see cyclical moderation towards trend growth. […]
Read MorePETALING JAYA: The Overnight Policy Rate (OPR) has been maintained at 3.25%, with economists expecting the rate to be left unchanged through the first half of 2019. The last change in the OPR was in January this year, when the interest rate was raised by 25 basis points (bps). Bank Negara said in a statement […]
Read MoreRakhine State is being prioritised as a destination for investments within Myanmar says a senior trade official. Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) Executive Committee Member U Htun Htun Naing said yesterday that a delegation from Myanmar will be visiting India for a three-day trip next week to promote Rakhine […]
Read MoreThe National Development Planning minister said on Thursday that about 9.4 million jobs had been created under the leadership of President Joko “Jokowi” Widodo, of which 2.99 million were created this year. Bambang Brodjonegoro, who is also head of the National Development Planning Agency (Bappenas), expressed his optimism that the President would achieve the 10 million jobs he had promised during his five-year […]
Read MoreThe Hanoitimes – Moody’s expects Vietnam’s real GDP growth to remain one of the strongest in ASEAN, at 6.7% in 2018 and 6.5% in 2019. Moody’s Investors Service has changed its 12-to-18-month outlook on the banking system in Vietnam (Ba3 stable) to stable from positive as the ongoing Sino-US trade friction may dampen the country’s trade […]
Read MorePrime Minister Prayut Chan-o-cha said at the Transport Ministry’s Asean Meeting in Bangkok yesterday that Thailand is continuing its effort towards a network of logistic linkages between all nations in the Asean region. He added that the country is collaborating with Asean nations to develop air, land, and sea routes to boost regional economic growth […]
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