PETALING JAYA: Consumers may need to brace for higher price pressures in the second half of the year, even as the economy continues to struggle due to weak growth prospects. While the electricity bill discount from July to December 2021 would help to somewhat soften the squeeze on consumers’ pockets, economists said inflationary pressure would […]
Read MoreThe economic focus is on Japan and South Korea this week, with data likely to show the Korean economy inched up in the April-June quarter. Gross Domestic Product (GDP) figures are out today and Moody’s Analytics forecasts 0.8 percent growth, compared with the first quarter of 2021. GDP grew at a quarterly 1.7 percent pace […]
Read MoreThe loan restructures for Covid-19 pandemic-stricken customers were valued at $5.5 billion in the first semester of 2021. The scheme has been extended to the end of this year. The National Bank of Cambodia (NBC) said the ratio of non-performing loans was 2.8 percent for banks and 2 percent for microfinance institutions (MFIs). Banks and […]
Read MoreMyanmar’s economy is expected to shrink by 18% in 2021, the World Bank said on Monday, as a result of massive unrest following a military coup and a resurgent coronavirus outbreak. The country has been in turmoil since the military took power in February and launched a bloody crackdown on dissent that has killed more […]
Read MoreThailand is at risk of being fined by the organiser of the World Expo if it fails to pay an additional expense of 12.4 million baht incurred from a one-year delay of the world’s biggest international exhibition by the deadline at the end of this month, says the Digital Economy Promotion Agency (Depa). World Expo […]
Read MoreTimes are tough for Asian airlines, so tough that one has taken to social media to try to offload unwanted aircraft. Malaysia Airlines (MAS) has posted the planes on its LinkedIn site in the hope of attracting bidders. The open tender is being conducted by an aircraft leasing unit run by its parent company Malaysia […]
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