KUALA LUMPUR: It is important to keep the interest rate as low as possible to lessen the debt burden of businesses and households, as well as to stimulate investment and consumption in the country, said Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar. Although the move would have negative impact on banks’ net interest margin, the […]
Read MoreForeign fund flows into Thai stock markets are expected to continue through next year, supported by positive global sentiment towards Joe Biden’s election victory in the US and successful trials of Covid-19 vaccines, says an executive of Stock Exchange of Thailand (SET). However, investors should monitor the performance of large listed companies, Thailand’s GDP performance […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to further slash the benchmark interest rates as central banks in Asia-Pacific are seen keeping a highly accommodative stance to boost the recovery of their respective economies from the pandemic-induced recession, according to global rating agency Fitch Ratings. In its 2021 outlook titled “Growth […]
Read MoreInternet securities trading accounts increased by 553,000 or 22.7% during the first three quarters to 3.02 million accounts, driving total securities trading accounts to 3.32 million at the end of September. According to the SET Note provided by the research department, the increase doubled the average annual figure of 230,000-330,000 accounts. More than 77,000 accounts […]
Read MoreMANILA, Philippines — The Philippines is set to become a laggard in Southeast Asia with the deepest economic contraction as it struggles to control the COVID-19 outbreak, according to Maybank Kim Eng. Maybank is now looking at a deeper GDP contraction of 7.8 percent instead of 6.5 percent this year for the Philippines, bigger than […]
Read MoreThe Yangon-Bangkok highway project that will allow people to reach Bangkok Yangon by bus in nine hours has launched with financial assistance from Asia Development Bank, according to the Ministry of Construction. Currently, it takes 16 hours to travel 570 miles from Thialwa, Yangon to Bangkok by vehicles. One the new route, it will take […]
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