KUALA LUMPUR: Malaysia’s well-diversified export base will help the economy maintain a relatively strong growth despite global trade tensions, Fitch Ratings says. It said yesterday global trade tensions were weighing on growth, particularly as Malaysia was a small, open economy integrated into Asian supply chains. “However, fiscal risks in 2020 from slower-than-forecast growth are limited […]
Read MoreThe Lao Securities Exchange (LSX) has launched the trading of the shares of Lao Asean Leasing Public Company (LALCO), marking the 11th company registered on the bourse. LALCO’s main business is to provide a credit line for individual and corporate customers to buy motorcycles and cars. The company currently operates branches in seven provinces, namely […]
Read MoreThe Myanmar economy is projected to grow by 6.6 percent in 2020, according to the World Bank, a tad higher than its 6.5pc projection for this year. Economic growth is expected to further increase to 6.7pc in 2021 and 6.8pc in 2022. According to the annual World Bank East Asia and Pacific Economic Update, growth […]
Read MoreIt has been a good year for Cambodia and its tourism industry. Less than a month after the Kingdom saw its tourism competitiveness go up, another major accolade has come its way. Cambodia’s ranking in the Travel and Tourism Competitiveness Index (TTCI) went up three notches to 98th after placing 101st globally last year. Last […]
Read MoreThe Excise Department will cut the tobacco tax to 2.5 satang per gramme from 10 satang for one year, starting Jan 1, 2020, to give farmers time to adjust. The move comes after tobacco farmers cried foul that a higher tax rate of 10 satang per gramme enforced from May 7, 2019 had taken a […]
Read MoreRupiah and stock prices remain under pressure as a report on Indonesia’s trade deficit sent negative sentiment into the country’s financial market. The rupiah fell for the third consecutive day to 14,168 against the US dollar on the spot market, while the Jakarta Composite Index (JCI) fell slightly to 6,155 at the close of afternoon […]
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Thailand
