PETALING JAYA: Bank Negara’s decision to cut the benchmark interest rate may have limited impact on borrowing cost as several banks in the country have raised their lending rates prior to the central bank’s announcement. Experts told StarBiz that households and businesses servicing loan payments would still enjoy lower instalments, but the savings in their […]
Read MoreBank Indonesia has projected the price of main commodities to increase after a BI survey estimated the three-month general price expectation index (GPEI) to increase to 174.6 in June from 153.9 in the previous month. According to a statement issued by the central bank on Tuesday, respondents of the BI survey said the Ramadan and […]
Read MoreThe e-commerce market in Southeast Asia is forecast to be worth at least UScopy02 billion by 2025, according to the latest “e- Conomy of Southeast Asia” report by Google and Singapore-based Temasek. The report also notes the growing confidence among investors in the region, with startups raising $9.1 billion in the first half of last year, […]
Read MoreAsean insurers offering cross-border Marine, Aviation and Goods in Transit (MAT) insurance have been identified as servicing one of the three lines of insurance important to the development of Asean economies under the Asean Insurance Integration Framework (AIIF). The other two are: catastrophe reinsurance and reinsurance. In this regard, Asean member-countries have committed to “open” […]
Read MoreTHE Bank Islam Brunei Darussalam (BIBD) intensified its efforts in promoting cashless payments in Brunei by launching an integrated payment solution with Makan Ceria Sdn Bhd at McDonald’s Brunei Gadong Branch last Friday. The integration of the point-of-sale (POS) terminal with cash register system enables entering cashless payment details in cash register system, which will […]
Read MoreMANILA, Philippines — The increase in consumer prices slowed further in April, hitting its lowest level in 16 months primarily due to the falling cost of food, housing and utilities, the Philippine Statistics Authority (PSA) reported yesterday. The headline inflation eased to three percent from 3.3 percent in March 2019 and 4.5 percent in April […]
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