Despite risks from the travel ban, a delay in vaccine distribution and new tensions in US-China trade, the Eastern Economic Corridor (EEC) and e-commerce are expected to continue spurring industrial property growth, in part thanks to stimulus plans and government investment in infrastructure and transport projects. Phattarachai Taweewong, director of research and communications at Colliers […]
Read MoreKUALA LUMPUR (BERNAMA) – The Malaysian economy is expected to grow by 5.1 per cent this year compared to last year’s 5.4 per cent contraction as the country’s recession is shallowing amid the third wave of COVID-19. Maybank Investment Bank Bhd (Maybank IB) Chief Economist Suhaimi Ilias said the forecast was conservative relative to the […]
Read MoreMANILA, Philippines — A persistently higher inflation may put the global economy and markets under grave danger, according to Singapore-based DBS Bank Ltd. In a report, Taimur Baig, chief economist for Asia at DBS, said the global financial stability may be at risk if inflation were to rise persistently. Baig said a likely demand spurt […]
Read MoreKasikornbank, the second-largest lender by assets, said on Monday it plans to open a branch in Vietnam’s commercial hub of Ho Chi Minh City in the third quarter of this year to tap into the country’s growth. “Attention is now focused on Vietnam as a regional investment hub that has attracted the world’s leading companies […]
Read MoreMANILA, Philippines — The spike in inflation in January made it likely that the Bangko Sentral ng Pilipinas might take a pause in its easing cycle but further rate cuts later in the year could still be possible as the economy still needs support, said London-based Capital Economics. In a research brief over the weekend, […]
Read MoreSINGAPORE – The planned increase in Central Provident Fund contribution rates should not be deferred further beyond early next year, said National Trades Union Congress (NTUC) deputy secretary-general Heng Chee How on Thursday (Feb 4). He added that there also should be no change to plans to raise the statutory retirement and re-employment ages from July next […]
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Thailand
