Cambodia has launched a program to encourage foreign investment that offers a ten-year visa and other benefits to those who invest in the country. Khmer Times reports that the “Cambodia My 2nd Home” program has been exclusively launched by the Khmer Home Charity Association with full authorization from the Ministry of Interior, with the goal of promoting […]
Read MorePETALING JAYA: Another round of spike in borrowing cost is anticipated when Bank Negara convenes its Monetary Policy Committee (MPC) meeting tomorrow. Economists are expecting a 25-basis-point (bps) hike in the overnight policy rate (OPR) to 2.25% at the July 6 meeting. This would be the first consecutive rise in the OPR in more than […]
Read MoreSINGAPORE – Singapore’s economy will grow less this year than previously estimated and may expand at a much slower pace in 2023, said a report by the Asean+3 Macroeconomic Research Office (Amro). The Republic’s gross domestic product (GDP) will increase by 3.9 per cent in 2022 after advancing by 7.6 per cent a year earlier, […]
Read MoreMANILA, Philippines (Updated, 10:57 a.m.) — Inflation quickened at a pace not seen in over three years in June, a development that would likely prompt the Bangko Sentral ng Pilipinas to be more aggressive in taming prices as Filipinos tighten their belts. At a news briefing on Tuesday, the Philippine Statistics Authority reported that inflation, as measured […]
Read MoreThe baht opened at 35.70 to the US dollar on Tuesday, weakening from Monday’s close of 35.66. The currency is expected to move in the range of 35.60 to 35.80 during the day, Krungthai Bank market strategist Poon Panichpibool said. He reckons the baht will likely fluctuate and test its resistance level from 35.75 to […]
Read MoreKUALA LUMPUR : Malaysia’s palm oil inventories at end-June likely climbed to their highest levels in seven months, as exports plunged following top producer Indonesia’s return to the export market, a Reuters survey showed on Tuesday. Stockpiles in the world’s second-largest producer are forecast to rise 12.3 per cent from the prior month to 1.71 […]
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Thailand
