KEY POINTS Malaysia is facing inflationary pressures and the government is putting in place targeted measures to control rising food price, said Malaysia’s domestic trade and consumer affairs minister. Given the global trend, “we are going to be affected by inflation,” Alexander Nanta Linggi, told CNBC “Squawk Box Asia” on Friday. Malaysia’s inflation increased 3.2% […]
Read MoreThe first batch of 226 Cambodian migrant workers to be hired under a new memorandum of understanding (MoU) on labour cooperation between the Thai and Cambodian governments will arrive on Tuesday. The government signed an MoU with Cambodia, Laos and Myanmar last December to ensure a good balance between containing the spread of Covid-19 and […]
Read MoreTHE Urban Redevelopment Authority (URA) said on Friday (Jan 28) that its private home price index rose 5 per cent quarter on quarter in Q4 2021, and climbed 10.6 per cent for the whole of last year. These are unchanged from the flash estimates put out on Jan 3. Analysts had said then that the Q4 […]
Read MoreMergers and acquisitions (M&As) in the technology sector are expected to continue with their escalating activities in 2022, helping to allure foreign capital influx into tempting sectors. Nguyen Cong Ai, partner at consulting firm KPMG Vietnam, said that the country has the potential to grow into an up-and-coming startup centre in Southeast Asia, buoyed by […]
Read MoreMANILA, Philippines — Manila-based Asian Development Bank (ADB) will make use of blockchain technology to link central banks and securities depositories in the ASEAN+3 region. In a statement, ADB said its latest project targets to make cross-border securities transactions in Asia and the Pacific more efficient and secure through the use of blockchain technology. The […]
Read MoreThe baht opened at 33.30 to the US dollar on Friday, weakening from Thursday’s closing rate of 33.20. The Thai currency is likely to move between 33.20 and 33.40 during the day, Krungthai Bank market strategist Poon Panichpibool said, adding that low market sentiment prompting foreign investors to sell Thai stocks will make the baht […]
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