PETALING JAYA: The benchmark interest rate cut by Bank Negara will be a boon for the consumer, property and automotive sectors. A lower overnight policy rate (OPR) would translate into cheaper borrowing costs, benefiting domestic households and businesses as it would increase the consumers’ disposable income. MIDF Research pointed out that the rate cut would […]
Read MoreMANILA, Philippines — Monetary authorities remain wary of the rising global oil prices as well as the prolonged El Niño episode as economists and analysts continue to expect the Bangko Sentral ng Pilipinas to reverse its tightening cycle and cut interest rates after inflation eased to a 16-month low of three percent in April. According […]
Read MoreThe market for rental property, which is the lifeblood of the real estate sector in Yangon, rebounded during first quarter of this year, with more units getting rented out rather than sold. However, the overall environment of the property market remains muted, industry analysts and leaders said. Late in April, the rental of apartments in […]
Read MoreThe cabinet has approved cutting both housing transfer and mortgage fees to 0.01% for 12 months, aiming to spur buying after critics said the previous measure to offer tax deductions of up to 200,000 baht for buyers of homes and condos worth up to 5 million baht would have a minimal impact on the market. The […]
Read MoreWORKING time reduction for private sector employees during the month of Ramadhan is subject to the consideration of their employers, said the Labour Department in a press statement yesterday. The statement also gave a detailed explanation on the rights of private sector employees during conventional work hours under Section 65 of the 2009 Employment Order, […]
Read MoreKUALA LUMPUR: The RM44bil East Coast Rail Link (ECRL) is expected to contribute 2.7% to Malaysia’s economic growth, according to MIDF Research. It said the boost for growth is expected to kick-in from project inception until its completion. “However, the full estimated gross domestic product (GDP) contribution will depend on the pace of spillover effects to […]
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Thailand
