SALES of new private residential units rose for the second straight month in February, supported by sustained buying by foreigners. But year on year, sales were still down. The Urban Redevelopment Authority (URA) on Wednesday (Mar 15) said that developers sold 432 units, excluding executive condominiums or ECs in February, up 9.9 per cent from […]
Read MoreKUALA LUMPUR : Malaysia’s government on Wednesday said the country’s banks have limited exposure to Silicon Valley Bank that collapsed last week in the United States, triggering fear of contagion. “Based on an assessment by authorities in Malaysia, the exposure of local banks to this crisis in the United States is minimal and limited,” Deputy […]
Read MoreRecent problems facing some banks in the United States had no impact on Thailand so far, Finance Minister Arkhom Termpittayapaisith told reporters on Wednesday. The government, however, was ready to take action should global volatility affect the Southeast Asian country’s economy or financial system, Mr Arkhom said. The Stock Exchange of Thailand (SET) main index […]
Read MoreKUALA LUMPUR: The Ministry of Finance (MoF) stressed that Malaysia will not experience an economic turmoil this year although the country is faced with global economic uncertainties. Deputy Finance Minister II Steven Sim Chee Keong said the technical definition of an economic recession is when a country experiences two consecutive quarters of economic contraction. “This […]
Read MoreJAKARTA: Indonesia reported a larger-than-forecast trade balance in February at US$5.48 billion, boosted by an unexpected drop in imports, data from the country’s statistics bureau showed on Wednesday (Mar 15). Analysts polled by Reuters had expected a US$3.27 billion trade surplus. Exports in February rose 4.51 per cent annually to US$21.40 billion, slightly lower than […]
Read MoreHANOI: Measures have been taken to boost domestic trade to maintain an 8% to 9% growth rate per year, according to the Ministry of Industry and Trade (MoIT). The ministry said there is still untapped potential in the domestic market as the country’s population reaches the 100 million mark. To realise this potential, MoIT said […]
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