PETALING JAYA: The country’s key interest rate could be cut in the next four months, considering Bank Negara’s more cautious tone on the Malaysian economy recently, says AmBank Research. The research firm said in a note it expected the central bank’s Monetary Policy Committee (MPC) to slash the benchmark overnight policy rate (OPR) by 25 […]
Read MoreGrab, a ride-hailing decacorn, secured US$1.46 billion from Japanese venture capital firm SoftBank Vision Fund as part of its ongoing Series H funding round, bringing the total funds raised to $4.5 billion. The bulk of the Series H would be invested in Indonesia, which is Grab’s largest market, said the company in a press statement released on Wednesday. “Our […]
Read MoreMANILA, Philippines — The proportion of unemployed Filipinos slightly dipped in January, which also saw an improvement in the quality of available jobs after those wanting more work decreased, the Philippine Statistics Authority reported Thursday. Unemployment rate in the first month of the year stood at 5.2 percent, a tad lower than 5.3 percent recorded […]
Read MoreBusiness operators are likely to revise GDP and export projections next month amid concern over the baht’s volatility and pressure on shipments. Supant Mongkolsuthree, chairman of the Federation of Thai Industries (FTI), said the baht’s movement has been weak over the past two weeks with a 2.4% drop. “Before that, the currency appreciated a great […]
Read MoreThe Hanoitimes – In the final quarter of 2018, Vietnam continued to be placed among the most optimistic countries globally. Vietnam slipped to the fourth most optimistic country in the world in the last quarter of 2018, from the second ranking in the previous three months, in terms of positive consumer index, according to the latest […]
Read MoreWAGE increases will not be the only criterion to judge worker outcomes tied to grant funding, Senior Minister of State for Trade and Industry Koh Poh Koon told the media on Wednesday. “Enterprise Singapore will take a flexible approach on a one-to-one basis to understand the companies’ needs and help them to scope the kind […]
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