KUALA LUMPUR: The ringgit opened lower against US dollar today as investors stayed on the sidelines due to external factors and as US-China trade tensions worsened. At 9am today, the ringgit was quoted at 4.1700/1730 against the greenback compared to 4.1630/1660 at yesterday’s close. A dealer said the blacklisting of Chinese technology giant, Huawei, would […]
Read MoreAccording to World Steel Association’s projections, market demand for steel in Myanmar will surge to five million tonnes in 2025, said U Myint Swe, executive director of Danieli Myanmar, an Italian supplier of equipment and physical plants to the metal industry. U Myint Swe said this during a talk on the development of Myanmar’s iron […]
Read MoreSINGAPORE is the third most innovative city in the world, with innovation now an important part of real estate investment strategies, according to a new report from global property consultant JLL. The Republic, behind San Francisco and Tokyo, is supported by significant levels of foreign domestic investments, and a rapidly growing startup scene. It is a regional […]
Read MoreThailand does not manipulate the value of the baht currency in order to gain any competitive advantage for exporters, its central bank governor said on Thursday in response to speculation Thailand could be added to a US watchlist. “If we had done so, our baht would not be like this,” Bank of Thailand governor Veerathai […]
Read More[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 […]
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