The Housing Finance Association expects rising inflation and interest rate hikes to dampen demand for property and mortgages this year. The price of new houses is continuing to increase, in line with higher building material prices. Projected interest rate hikes in the second half of this year should pressure demand among homebuyers and those seeking […]
Read MoreKUALA LUMPUR: Malaysia’s economic growth projection of between 5.3 per cent and 6.3 per cent this year is still on track, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz(pix). “But things are very fluid, so we have to continuously monitor the progress to ensure that both appropriate monetary and fiscal responses are done to […]
Read MoreThe Lao government is so desperate for cash that it is offering about U.S. $340 million in bonds with a six-month interest rate of 20 percent, terms that sources told RFA sounded too good to be true. The Lao economy is struggling with rampant inflation, a severe lack of foreign currency, and shortages of food […]
Read MoreTo support energy transition, collaboration is needed Jakarta (ANTARA) – The Indonesian government offered investment to develop the energy sector, especially oil and gas, to the Government of Norway to enable Indonesia to realize its energy transition and carbon neutrality program in future. “Norway has technology and experience in the energy sector. This is a […]
Read MoreApple iPhone assembler Pegatron Corp has recently unveiled its expansion plan in other countries including Vietnam due to COVID-19 restrictions in China, according to Reuters. “We faced COVID controls for two months. We couldn’t have assessed that in advance, so that makes me emphasise our expansions in Vietnam, India, Indonesia, and North America, to solve […]
Read MoreThe energy sector accounted for 58.8 per cent or BND11 billion of the country’s total GDP in 2021, according to a data recently released by the Department of Economic Planning and Statistics, Ministry of Finance and Economy (MoFE). Of this number, the oil and gas upstream sector contributed to 49.6 per cent, whereas the downstream […]
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Thailand
