KUALA LUMPUR: Bank Islam Malaysia Bhd expects Bank Negara to cut its overnight policy rate (OPR) by 25 basis points (bps) at the upcoming monetary policy meeting scheduled for March 4. Chief economist Dr Mohd Afzanizam Abdul Rashid said the projection was due to the visibility of economic uncertainties following the reintroduction of the movement […]
Read MoreWith traditional markets in HCM City struggling amid the COVID-19 pandemic, more and more of their shop owners are looking to sell their goods on online channels such as delivery apps and social media. According to the management of Ben Thanh Market in District 1, most stalls except those selling fresh produce have few customers, […]
Read MoreBANGKOK: Foreign investment applications in Thailand dropped 54% to 213 billion baht ($7.12 billion) in 2020 as companies were deterred by the coronavirus pandemic, while this year’s outlook remains uncertain, an investment agency said on Wednesday. Japan remains Thailand’s biggest investor, with projects worth 76 billion baht, followed by China’s 31 billion baht of pledges […]
Read MoreMYANMAR’S recent military coup has likely slowed its economic recovery, but the main challenge will be foreign direct investment (FDI), watchers have said. Maybank Kim Eng expects gross domestic product (GDP) to grow by 3 per cent in FY2020/21, against an earlier forecast of 4.5 per cent, while growth in FY2021/22 could come in at […]
Read MoreDigital platforms and other technology-based tools are providing new growth opportunities for businesses of all sizes and across all industries in Asia and the Pacific (including Cambodia) — a trend which could contribute significantly to the region’s sustainable recovery from the coronavirus disease (COVID-19) pandemic, according to a new report by the Asian Development Bank […]
Read MoreSINGAPORE: Singapore restaurant owners face a gloomy Lunar New Year, with Covid-related interruptions signalling that even countries with a good handle on cases will suffer until the pandemic is under control globally. A labour-supply crunch in the food and beverage sector and government restrictions on office-sponsored parties will weigh even more on a sector that’s […]
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