[KUALA LUMPUR] Malaysia’s economic growth slowed in the first quarter, dragged down by weaker trade and investment in the export-reliant nation. Gross domestic product expanded 4.5 per cent from a year ago, down from 4.7 per cent in the fourth quarter, the central bank said in Kuala Lumpur on Thursday. The median estimate in a […]
Read MoreThai-based hotel operator Centara Hotels & Resorts and KMA Hotels Group, a subsidiary of Kaung Myanmar Aung (KMA) Group of Companies, yesterday signed an agreement to develop and renovate a total of six hotels in Myanmar. The project will see three existing KMA hotels in Inle, Naypyitaw and Taungoo undergo refurbishment prior to reopening […]
Read MoreThe Hanoitimes – Vietnam expects to speed up the privatization process which has been at slow pace over the past years. The State Bank of Vietnam has issued new regulations to further facilitate foreign investors in taking part in the privatization and divestment of State-owned enterprises (SOEs) in the country. Under Circular 03/2019/TT-NHNN regulating the use […]
Read MoreTHERE has been much debate over recent quarters about whether the Bank of Thailand should increase its policy rate from 1.75 per cent to 2 per cent. Advocates of an increase often cite moderating financial instability and the need to generate wider policy space as underlying reasonings. However, considering both the internal and external economic […]
Read MorePETALING JAYA: The Malaysian rubber glove industry is expected to be a key potential beneficiary of the US-China trade war, said CGS-CIMB. The tariff hike on glove exports from China to the US could see a shift in US glove demand to Malaysian glove manufacturers. “We believe the tariff hike will increase the prices of […]
Read MoreMANILA, Philippines — Economists expect the Bangko Sentral ng Pilipinas (BSP) to follow suit with a reduction in banks’ reserve requirement ratio (RRR) this week to free up more funds to boost the country’s slowing economy. ING Bank Manila senior economist Nicholas Mapa said the BSP’s Monetary Board is likely to resume the reduction of […]
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Thailand
