KUALA LUMPUR (Bernama) — MIDF Research maintained its view that Bank Negara Malaysia (BNM) will not make any changes to the overnight policy rate (OPR), which stood at 1.75%, as the current rate remains accommodative to support Malaysia’s economic recovery. In a research note today, the brokerage viewed the targeted containment measures in several areas […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has extended anew the zero spread on its peso rediscount loans by another three months to allow banks to tap the facility to meet their temporary liquidity needs. BSP Governor Benjamin Diokno said the Monetary Board approved the extension of the temporary measures in the rediscounting […]
Read MoreSingapore-based ASEAN+3 Macroeconomic Research Office (Amro) on May 6 projected the Cambodian economy to grow by 4.0 per cent in 2021, led by a robust recovery in manufacturing and supported by continued fiscal stimulus by the government. “The Cambodian economy is expected to return to positive growth in 2021 after a contraction last year. The […]
Read MoreThe baht opened at 31.13 to the US dollar on Thursday, weakening from its previous close of 31.11 on Wednesday. The Thai currency is likely to move between 31.05 and 31.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht tends to fluctuate according to the Covid-19 situation in the […]
Read MoreThe central bank left its key interest rate unchanged at a record low of 0.50% on Wednesday, as expected, preserving its limited ammunition as the economy struggles with a third wave of coronavirus infections. The latest outbreak has slowed domestic activity for the tourism-reliant economy at a time when it was preparing to reopen to […]
Read MoreWith Red and Orange Zones anticipated to shrink in size and vitality returning to Yellow Zones as markets and shops begin to reopen in earnest, increased competition in the mini mart sector is looming as CP All (Cambodia) Plc has begun recruiting for the Kingdom’s first 7-Eleven convenience store. The Cambodian subsidiary of Thailand’s CP […]
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Thailand
