PETALING JAYA: Following the recent award of digital banking licences to companies in closest neighbour Singapore, interest in the local digital banking scene has been gaining traction. Observers say like Singapore, the ability to bring in technology including proven digital straight through processing or STP in order to drive efficiency in the banking sector will […]
Read MoreWITH international borders still restricted, the hotel sector next year will still be highly dependent on domestic tourism. The easing of movement control orders recently, allowing for travels for tourism and meetings at hotels, will help the domestic tourism and hotel sector. Due to the low yield of domestic travels, hotels can only hope to […]
Read MorePETALING JAYA: Positive consumer sentiment on the back of better economic growth is expected to spur car sales in 2021. Vehicle sales growth is also anticipated to remain steady even if the sales tax exemption that ends this month is not extended, say analysts. According to Frost & Sullivan Asia-Pacific mobility consulting analyst Nur Afiqah […]
Read MorePETALING JAYA: The reopening of the domestic economy and the potential mass vaccine rollout by various countries have seen investors shifting to more cyclical sectors like banks – the proxy to economic growth. Since end-October, banking stocks have rallied by more than 20% versus the FBM KLCI’s 11% rise, largely on optimism that positive news […]
Read MoreKUALA LUMPUR: The credit profile of Malaysia (issuer rating A3) is supported by the countryʼs “a1” economic strength, which reflects a large and diverse economy, Moody’s Investors Service says. It said on Friday the Malaysian economy boasts solid medium-term growth prospects and high levels of competitiveness. “Its ‘a2’ institutions and governance strength, which balances solid […]
Read MorePETALING JAYA: Malaysia’s economy is expected to grow by 6.7% in 2021, on the back of successful containment of Covid-19 infections and effective rollout and distribution of the vaccine, according to the World Bank. The latest edition of the World Bank Malaysia economic monitor: Sowing the seeds, said quicker containment of the third wave of […]
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Thailand
