KUALA LUMPUR: Bank Negara Malaysia’s monetary policy committee maintained the overnight policy rate (OPR) at 1.75%, which was in line with economists’ expectations. Latest indicators point to continued improvements in economic activity in the first quarter and into April, the central bank said in a statement on Thursday after the meeting of the Monetary Policy […]
Read MoreThe Thai durian is still a market leader in China thanks to the free trade agreement (FTA) between the two countries, the Department of Trade Negotiations (DTN) said on Wednesday. Auramon Supthaweethum, DTN director-general, said the export of Thailand’s “king of fruits” in the first quarter of this year to China was worth US$186 million […]
Read MoreKUALA LUMPUR (Bernama) — MIDF Research maintained its view that Bank Negara Malaysia (BNM) will not make any changes to the overnight policy rate (OPR), which stood at 1.75%, as the current rate remains accommodative to support Malaysia’s economic recovery. In a research note today, the brokerage viewed the targeted containment measures in several areas […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has extended anew the zero spread on its peso rediscount loans by another three months to allow banks to tap the facility to meet their temporary liquidity needs. BSP Governor Benjamin Diokno said the Monetary Board approved the extension of the temporary measures in the rediscounting […]
Read MoreSingapore-based ASEAN+3 Macroeconomic Research Office (Amro) on May 6 projected the Cambodian economy to grow by 4.0 per cent in 2021, led by a robust recovery in manufacturing and supported by continued fiscal stimulus by the government. “The Cambodian economy is expected to return to positive growth in 2021 after a contraction last year. The […]
Read MoreThe baht opened at 31.13 to the US dollar on Thursday, weakening from its previous close of 31.11 on Wednesday. The Thai currency is likely to move between 31.05 and 31.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht tends to fluctuate according to the Covid-19 situation in the […]
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