KUALA LUMPUR, Sept 29 — Bursa Malaysia remained in the negative territory at mid-afternoon today on persistent selling in selected heavyweights, mirroring the weaker sentiment in the regional equity markets, dealers said. At 3pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 5.12 points to 1,541.70 from yesterday’s close of 1,546.82. Market breadth was […]
Read MoreA RECORD number of investments poured into South-east Asian startups in the first half of this year, although total capital invested fell as investors focused on smaller deals in the region’s fast-growing tech sector. The number of investments made hit a record high of 393 in the first half, well ahead of the 327 investments […]
Read MoreThe World Bank has suggested the Vietnamese Government early devise back-up plans in case the COVID-19 pandemic could last one or two more years, and conduct vaccination in parallel with testing to control the pandemic and mitigate its economic loss. In its September report, the bank said while travel restriction could be maintained, it should be done […]
Read MoreMANILA, Philippines — The World Bank turned less bullish on economic recovery for the Philippines after it further downgraded the country’s growth prospects for the year amid the renewed lockdown due to the Delta variant and the still slow pace of vaccine rollout. Based on the multilateral lender’s East Asia and Pacific Fall 2021 Economic […]
Read MoreThe head of the Asian Development Bank (ADB) says Cambodia needs to focus on its struggling industries and improve overall productivity to drive a sustainable recovery from last year’s minus 3.1 percent in gross domestic product (GDP). The bank cut its forecast for 2021 growth last week to 1.9 percent from a 4 percent forecast […]
Read MoreFinance Minister Arkhom Termpittayapaisith said on Wednesday that monetary policy needed to be kept accommodative and be in step with fiscal policy to support the economy. Speaking to a business seminar organised by the Prachachart Thurakij business media group, the minister also said that exports should be able to underpin economic growth this year. “Monetary policy must […]
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Thailand
