SINGAPORE, April 4 (Reuters) – Singapore is likely to tighten monetary policy this month, for the sixth time in a row, amid persistent price pressures in the Asian financial hub due to global supply chain disruptions. Eleven out of the 17 analysts polled by Reuters expect the Monetary Authority of Singapore (MAS) would tighten its […]
Read MoreThailand, Vietnam, India and Cambodia have emerged as early winners this year from US moves to secure its semiconductor supply chain. US imports of chips grew 17% from last year to $4.86 billion in February, according to US Census data, with Asia accounting for 83% of that total. India saw its semiconductor shipments increase 34 […]
Read MoreThe ministry said the extension would support enterprises to overcome difficulty and have resources to invest in production and business, adding that the extension would not affect the state budget balance at both central and local levels. HÀ NỘI — The Ministry of Finance on Wednesday submitted a draft decree on extending the deadline for […]
Read MoreMANILA, Philippines — A heady mix of an ongoing moratorium on new coal-fired plants and the Philippines’ inability to quickly wean off dependence on “dirty energy” could backfire and cause the country to miss its climate targets, says a US-based non-governmental organization. Global Energy Monitor’s annual report on global coal energy use spotlighted that the […]
Read MorePETALING JAYA: Strong private domestic demand and the resumption of investment projects will be Malaysia’s main growth drivers this year, says Asean+3 Macroeconomic Research Office (Amro) deputy group head and senior economist, Anthony Tan. Tan expects the country’s gross domestic product (GDP) to moderate to 4.2% in 2023 before increasing to 5.2% in 2024. “Domestic […]
Read MoreFollowing the increase in interest rates by the US Fed, some of the local banks are also looking to increase the interest rate for their clients’ loans, said a senior official at Cambodia’s central bank, calling on the use of more riel currency as the best tool for the financial policy. The Federal Reserve raised […]
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