PETALING JAYA: The key benchmark interest rate, which is at an all time low of 1.75%, is expected to be maintained when Bank Negara convenes its Monetary Policy Committee (MPC) meeting tomorrow. After a cumulative 125 basis points cut in the overnight policy rate (OPR) last year to fuel economic growth, economists agree that the […]
Read MoreMANILA, Philippines — The continued weakening of the peso could create a headache for the Bangko Sentral ng Pilipinas, which may be forced to tighten monetary policy earlier-than-expected at a time the economy still needs support to recover from a pandemic-led slump. After outperforming most Asian currencies last year, the local unit is now trading […]
Read MoreThe government is planning to discuss a new law to stimulate investment in the country. The Office of the Council of Ministers will hold a virtual meeting on Friday to review the draft law, following the approval of Mr Hun Sen. The prime minister will officiate over the meeting. The new law is one of […]
Read MoreMANILA, Philippines — Price increases in basic goods and services eased in June, the slowest pace in six months, as transport costs decelerated with base effects fading from last year’s pandemic-related restrictions despite still elevated global oil prices. Headline inflation the rate of increase in the consumer price index slid to 4.1 percent in June […]
Read MoreBUTTERWORTH (Bernama): Certain sectors of business and services in Penang allowed to resume operations after the state transitioned to Phase Two of the National Recovery Plan (NRP) on Wednesday (July 7) were relieved and grateful to be able to do so. Their eagerness is unsurprising as they have not been able to operate since the […]
Read MoreThe Thai Chamber of Commerce (TCC) is advising the government against setting up a national shipping firm in a bid to boost Thailand’s competitiveness. Phumin Harinsut, TCC’s vice-chairman, said Thailand had established a shipping company in the World War II era which was eventually closed in 2011. “This company had to hire foreign shippers to […]
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