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Malaysia: Bank Negara maintains OPR at 1.75%

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 […]

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AMRO forecast: Cambodia GDP growth 4% in 2021

Singapore-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 […]

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Thailand: Baht weakens, likely to fluctuate

The 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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