SINGAPORE: As Brazil, Russia and Turkey lift interest rates to ward off inflation and currency pressures, investors are beginning to prod Asia’s central banks to follow suit, setting up a potential showdown with countries keeping rates at record lows. South Korea and Indonesia, where central bankers have cut hard and downplayed the prospect of imminent […]
Read MoreKUALA LUMPUR, March 31 — Despite movement restrictions and rapid acceleration in e-commerce and online spending in 2020, cash remained the most prevalent medium of payment in the year, which saw an annual growth of 14.3 per cent, the highest increase in currency in circulation in the last 10 years. “At the end of 2020, […]
Read MoreMANILA, Philippines — Local insurance technology startup Kwik.insure has launched the country’s largest online insurance marketplace with over 100 life and non-life insurance products from more than a dozen of the country’s top insurance and healthcare providers. The digital platform aims to help Filipinos gain democratized access to insurance products that are tailored for their […]
Read MorePTT Exploration and Production Plc (PTTEP) has announced the discovery of petroleum at Sirung-1, a wildcat well off the coast of Malaysia’s Sarawak state, as it seeks to bolster its reserves for long-term growth. PTTEP had begun drilling at Sirung-1 in Block SK405B in January through its subsidiary PTTEP Sarawak Oil Co. The company has found […]
Read MoreKUALA LUMPUR: The country’s headline inflation is anticipated to temporarily spike to above 5.0 per cent in the second quarter of this year due to a lower base from low fuel prices in the corresponding quarter of 2020, and average to between 2.5 per cent and 4.0 per cent for 2021. Headline inflation, which measures […]
Read MoreCambodia ranked number 176 in the world in an index measuring the best places in the world to launch a tech startup, according to the first Draper Innovation Index (DII). Thailand ranked 71, Vietnam scored 160 and Laos 220. Two of the top three regions were in Asia, with Singapore ranking second and Hong Kong […]
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Thailand
