MANILA, Philippines — Debt watcher S&P Global Ratings expects more rate cuts from the Bangko Sentral ng Pilipinas (BSP) over the next two years amid the continued inflation downtrend and soft economic growth. In a report, S&P said it expects the BSP to slash interest rates by 75 basis points this year and by 50 […]
Read MoreConnecting China’s renewed outbound investment focus with Southeast Asia’s infrastructure needs should be a priority for Thailand if it is to achieve greater economic resilience over the medium term. At their recent summit in Bangkok, Asean government leaders noted the importance of foreign investment in infrastructure, technology and industrial productivity in order to maintain the […]
Read MoreThe Hanoitimes – As of June, Vietnam’s shipping fleet has 1,568 ships with cargo-carrying capacity of 7.8 million DWT, while the average fleet age is 15.6, 5.2 years younger than the global average of 20.8. Statistics from the United Nations Conference on Trade and Development (UNCTAD) showed Vietnam’s shipping fleet currently ranks 30th the world […]
Read MoreJAKARTA: Indonesia must brace for a long period of global monetary policy easing, which will open the door for more interest rate cuts in South-East Asia’s biggest economy and a possible surge in foreign inflows, the nation’s newest central banker said. Destry Damayanti, 55, was approved by the parliament yesterday as the senior deputy governor […]
Read MoreDUNGUN: China and Malaysia resumed construction on a massive “Belt and Road” train project in northern Malaysia on Thursday, after a year-long suspension and following a rare agreement to cut its cost by nearly a third to about US$11bil. The project was initially canceled by Malaysian Prime Minister Tun Dr Mahathir Mohamad, who came to […]
Read MoreSINGAPORE – Rents of office space in the central region of Singapore rose 1.3 per cent in the second quarter of this year over the previous three months. This contrasts with the drop of 0.6 per cent in the first quarter, according to figures from the Urban Redevelopment Authority (URA) released on Friday (July 26). […]
Read More
Thailand
