BENGALURU, March 21 (Reuters) – The Philippine central bank will hike its main interest rate by a modest 25 basis points on Thursday, followed by another next quarter, making rates peak higher than previously thought, before pausing until the end of the year, a Reuters poll found. The latest move would follow a 50 basis […]
Read MorePETALING JAYA: Vehicle sales rose 39% to 62,649 units last month, against 45,062 units in the previous corresponding period due to delivery of backlog orders, according to the Malaysian Automotive Association (MAA). In a statement yesterday, the association said the total industry volume in February 2023 was up 27% against January 2023’s 49,479 units. Year-to-date […]
Read MoreSINGAPORE: Singapore has become the second most expensive location in Asia for business travel this year with an average trip now costing US$515 per day, an increase of US$34 from a year before, according to ECA International. (US$1=RM4.47) In its latest Daily Rates research, ECA International found that the most expensive location is Hong Kong […]
Read MoreMANILA, Philippines — The Philippine economy may grow by 7.1 percent in the first quarter, supported by the manufacturing sector, expectations of higher infrastructure spending and easing inflation, according to First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) Capital Markets Research. In the Market Call report released yesterday, the two […]
Read MoreA Thai firm Onshore Logistics Services Co Ltd (OLS) has expressed its strong desire in investing in the development of oil and gas in the Overlapping Claims Area (OCA) between Cambodia and Thailand, according to a release by the Royal Embassy of Cambodia in Bangkok. The oil and gas development investment project was disclosed during […]
Read MoreKUALA LUMPUR: Despite a sustained growth momentum in Malaysia’s exports seen last month, there are mounting expectations that this growth could see a moderation moving forward. Overall, while the sentiment remains cautious, Malaysia’s exports performance in February 2023 generally still has outperformed other country peers despite a gloomier global trade outlook. Another possible drag would […]
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