KUALA LUMPUR: Malaysia’s central bank is likely to cut its benchmark rate to 3% at a policy review on Tuesday to cope with a slowdown in growth, a slim majority of analysts in a Reuters poll said. Seven of 13 economists polled see a 25 basis point rate cut while the other six said Bank […]
Read MoreUNITED Overseas Bank is the second Singapore lender to feel the sting of last year’s property cooling measures. While UOB posted a rise in its overall mortgage book, the bank said it came from its regional markets. UOB reported higher net profit for its first quarter of 2019, up 8 per cent to S$1.05 billion, […]
Read MoreA SLIGHT dip in the consumer price index (CPI) for last month has kept inflation on track to meet the 1.2 per cent growth target for this year set by the Commerce Ministry. “The Commerce Ministry is maintaining its target inflation bracket for 2019 at between 0.7 and 1.7 per cent, with a mean of […]
Read MoreThe Central Bank of Myanmar (CBM) has raised annual credit card interest rates to 20 percent from 13pc as it wants to control unsecured lending operations, an official from the CBM told The Myanmar Times. The CBM announced that banks can charge a maximum of 20pc in interest rates on credit cards on April 24. “The […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures opened lower on Thursday morning, falling to its lowest in nearly seven weeks. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was last down 1.1 percent at 2,073 ringgit ($501.33) a tonne. FUNDAMENTALS * Malaysian palm oil futures fell to its lowest in six weeks on […]
Read MoreThe government’s latest tax perk for property will likely have a minimal impact on the housing market because only a handful of homebuyers will qualify for benefits, say property analysts. Phattarachai Taweewong, associate director of research for property consultant Colliers International Thailand, said the new stimulus measures for the property sector may not help boost […]
Read More
Thailand
