KUALA LUMPUR: The Malaysian economy expanded by 16.1% in the second quarter (1Q 2021: -0.5%) as the economic performance was supported mainly by the improvement in domestic demand and continued robust exports performance. Bank Negara Malaysia said on Friday the strong growth also reflected the low base from the significant decline in activity during the […]
Read MoreMANILA, Philippines — Interest rates remained at record lows as the Bangko Sentral ng Pilipinas (BSP) continued to maintain an accommodative monetary policy stance until the economy fully recovers from the pandemic-induced recession. BSP Governor Benjamin Diokno said in a virtual press conference the Monetary Board decided to maintain the interest rate on overnight reverse […]
Read MoreStockpiling of essential goods at home appears to be on the rise as a result of the ongoing lockdown, curfew measures and daily reports of rising Covid-19 infections and death tolls. Operators of supermarkets, hypermarkets and cash & carry stores report shoppers buying large volumes of daily goods such as packed rice, cooking oil, instant […]
Read MoreDespite a new outbreak of COVID-19 in Vietnam, the industrial property sector saw positive signs with new industrial zones established and key industrial projects beginning operations, according to Savills Vietnam. The fourth outbreak of COVID-19 that started in late April has forced some southern provinces and cities to suspend flights to and from HCM City […]
Read MoreMANILA, Philippines — The Philippines’ dollar reserves inched up in July after the government deposited proceeds from its recent global bonds sale. What’s new Gross international reserves amounted to $106.55 billion as of end-July, up 0.74% month-on-month, the Bangko Sentral ng Pilipinas reported on Friday. Why this matters Foreign reserves are assets managed by the BSP […]
Read MoreSouthern Phnom Penh’s combination of affordable land and $2 billion of infrastructure development has positioned it as the key area for future growth across all property segments, from landed homes to industrial parks, according to CBRE Cambodia. The Kingdom’s largest foreign-owned property consultancy says infrastructure investment in the new Phnom Penh International Airport and road […]
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Thailand
