BANGKOK: While Turkey is stoking the heat at emerging-market central banks already pressured by global monetary-policy tightening, Thailand is playing it cool. Countries such as Indonesia and India were already raising interest rates as their currencies weakened, even before Turkey’s travails fanned talk of contagion. Thailand, in contrast, is proving more resilient, aided by flush […]
Read MoreBusinesspeople have called on the government to involve them in drafting a regulation on import limitation of raw materials to ease the country’s current account deficit (CAD) because many of their factories still rely on imported raw materials. In an effort to curb imports, the government plans to issue a regulation that among others will […]
Read MoreHIGH ECONOMIC GROWTH RATE AND ADOPTION OF TECH MAKES ASEAN ATTRACTIVE: SONTIRAT PRIME MINISTER General Prayut Chan-o-cha has urged policymakers and entrepreneurs in Southeast Asia to develop and nurture a digital trade ecosystem as information technology in the region takes off. Delivering the keynote speech on the topic of “CLMVT Taking-Off Through Technology”, Prayut praised […]
Read MoreKUALA LUMPUR: Maybank Investment Bank Research expects AirAsia Group Bhd’s core net profit for Q2’18, which will be released on August 30, to come in at RM289mil, a 39% decline year-on-year and 10% decline quarter-on-quarter. This would bring 1H’18 core net profit to RM596mil, or 48% of its full-year forecast. The research house noted that yield pressure […]
Read MorePETALING JAYA: Economic growth for Malaysia in the second quarter of this year came in at 4.5%, which was below the consensus estimates of more than 5%. According to Bank Negara Malaysia, supply disruptions in the second quarter resulted in the slower economic growth. In comparison, GDP growth was 5.8% in the corresponding quarter of […]
Read MoreAlibaba Group Holding, the world’s largest e-commerce services provider, is making a push into Southeast Asia by offering a suite of cloud computing solutions to help retailers embrace digitalisation and provide the kind of online-offline shopping experience that is already commonplace in China. A suite of computing solutions ranging from cloud architecture and machine learning […]
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