KUALA LUMPUR: The government will likely present an expanded budget this Friday to temper a weak economic outlook, as it grapples with global recession fears, the protracted US-China trade war and a large debt pile left behind by its predecessors. South-East Asia’s third-largest economy bucked a global cooling trend and grew faster than expected over […]
Read MoreMANILA, Philippines — Rates for Treasury bills declined across all tenors on the back of easing inflation, ample domestic liquidity and expectations of a possible rate cut in the US, the Bureau of the Treasury (BTr) reported yesterday. During yesterday’s auction, the 91-day T-bills fetched an average rate of 2.995 percent, 4.2 basis points lower […]
Read MoreCar makers in Myanmar have been increasing production of locally assembled automobiles in response to higher demand. Suzuki Myanmar Motor Co Ltd this year produced 15,000 vehicles compared to 12,000 in 2018, representing a 25 percent increase in year-on-year production, the company said. “We are more producing more brand new motors based on our factory […]
Read MoreEven though property developers have asked for a relaxation of loan-to-value (LTV) regulations, the Bank of Thailand sees no need to do so. The central bank has closely monitored the market for both housing loans and speculative behaviour, and additional relaxation is not needed as mortgage co-signers are no longer required to comply with the […]
Read MoreKUALA LUMPUR (Bernama) – The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher yesterday due to improved demand while tracking the firmer overnight performance on the Chicago Board of Trade. Palm oil trader David Ng said, however, expectations of a stronger output and higher stock level were seen as capping further […]
Read MoreThe baht is defying the conventional wisdom that an interest-rate cut spurs weakness in a currency. The currency rose 0.2% on Thursday, erasing all of its decline the previous day when the Bank of Thailand delivered a surprise rate cut. The baht has proved resilient amid this month’s market turmoil and is up about 8% […]
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