KUALA LUMPUR: Maybank Investment Bank Research views the demand-supply rebalancing in the property sector will take some time but home sales may have hit bottom already and should stablise in 2019. In its property outlook report issued on Friday, it said the current rock-bottom valuations of property stocks have priced in the negatives (record high […]
Read MoreAsean economic ministers are scheduled to sign a pact on mutual recognition arrangements (MRAs) for automobiles and parts as well as the improvement of protocols for dispute settlement mechanisms in September. Auramon Supthaweethum, director-general of the Trade Negotiations Department, said the third senior economic official meeting (SEOM) held during July 14-18 in Bangkok agreed to […]
Read MoreBank Indonesia has reduced its key interest rate in a move that signals an end to the tightening cycle that began last year. Following a two-day Board of Governors meeting, the central bank cut its benchmark rate, the seven-day reverse repo rate, by 25 basis points (bps) to 5.75 percent on Thursday. Lending and deposit […]
Read MoreBANGKOK: Thailand’s tourism minister has blamed a surge in the baht for sapping tourist arrivals into South-East Asia’s second-largest economy and says he’ll take up the matter with the central bank, highlighting rising concern over the currency’s gains. Arrivals have dropped because of the baht’s strength, Pitak Ratchakitprakarn, minister of tourism and sports, told reporters […]
Read MoreMANILA, Philippines — There is no need to review the Rice Tariffication Law, the Department of Finance (DOF) said yesterday, as it noted that prices of rice have declined with the liberalization of rice imports. Farmers and rice industry stakeholders earlier called on the government to look into the loopholes in Republic Act 11203 or […]
Read MoreThe Federation of Thai Industries (FTI) is calling for the Labour Ministry to waive the 5% contribution from insured workers to the Social Security Fund (SSF) for 6-12 months instead of increasing the daily minimum wage to 400 baht as promised during the election campaign. The exemption should be subsidised temporarily by the government, FTI […]
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