KUALA LUMPUR: Economists believe the door is open for Bank Negara to consider a rate cut this year despite the central bank keeping the overnight policy rate (OPR) at 1.75%. Alliance Bank chief economist Manokaran Mottain was not surprised by the central bank’s decision to maintain the OPR at 1.75% and said that there was […]
Read MoreMANILA, Philippines — The Philippine construction industry is expected to enjoy double-digit growth this year as revived infrastructure projects are seen helping the country recover from the pandemic- induced recession, according to Fitch Solutions Country Risk & Industry Research. The research arm of the Fitch group said the Philippine construction sector would post a double-digit […]
Read MoreSINGAPORE and Ho Chi Minh City are the top Asean cities in which Asia-Pacific-based property investors are interested, CBRE’S 2021 Asia-Pacific Investor Intentions Survey has found. The survey findings, released on Wednesday, had Singapore in second place, and Ho Chi Minh City in fifth; this is the first time the Vietnamese city has entered the […]
Read MoreThe Hanoitimes – Covid-19 has brought new challenges and opportunities to Vietnam in the 2021-25 period. Vietnam’s economic growth is estimated to reach 6.8% per year in the medium term 2021 – 2025 in the positive scenario, according to the latest forecast from the National Center for Socio-Economic Information and Forecasting (NCIF) and the United Nations […]
Read MoreNew construction jobs from the construction of high-rise buildings are expected to resume in the second half after the Covid-19 vaccine is distributed, after slowing since 2019 as a result of the sluggish condo market. Chuchoke Sevakunarkon, managing director of The Concrete Products and Aggregate (CPAC), a major ready-mixed concrete supplier and one of SET-listed […]
Read MoreKUALA LUMPUR: Oil price rally and US dollar weakness supported the ringgit to close higher for the second consecutive day. At the close, the currency stood at 4.0430/0470 against the greenback from 4.0480/0520, yesterday. Axi chief global market strategist Stephen Innes expected oil to stabilise near the current level as the coronavirus vaccine rollout progresses. […]
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Thailand
