The Bank of Thailand kept the policy rate steady for a fourth straight meeting yesterday but painted a bleak outlook by trimming the country’s economic and export growth forecasts for the year. The seven-member Monetary Policy Committee (MPC) voted unanimously to leave the policy rate unchanged at 1.75% as widely expected amid easing signals from […]
Read MoreMANILA, Philippines — The Insurance Commission (IC) is now allowing insurance firms and pre-need companies to invest in real estate investment trusts (REIT), providing them opportunities to diversify their investments and improve earnings. On June 21, Insurance Commissioner Dennis Funa issued IC Circular Letter 2019-27, which qualifies REIT as admitted asset for insurance companies and […]
Read MoreMyanmar people are receptive in adopting contactless payment methods, a study conducted by digital payments firm Visa reveals. Visa this week has published findings from its Consumer Payment Attitudes Study, which examines the perceptions, attitudes and behaviours Myanmar people have towards payment and emerging payment methods. It was based on face-to-face interviews of 504 people […]
Read MoreEight of the world’s top 10 most expensive cities are located in Asia as a result of the region’s high costs for consumer goods and a dynamic housing market, with Bangkok (40) jumping 12 places, according to Mercer’s 25th annual 2019 Cost of Living Survey, which was released on Wednesday. Hong Kong tops the list […]
Read MoreUnited Kingdom-based international property consultancy firm Savills has ranked Jakarta as the 20th most resilient city in its recent real estate index. Alongside Singapore, Jakarta is one of only two cities in Southeast Asia to be included in the top 20. Jakarta ranked 51st in 2018 and 103rd in 2008. “The survey is done through Savills International so […]
Read MoreKUALA LUMPUR: Malaysia is moving closer towards opening up its natural gas market to spur competition and demand. Petroliam Nasional Bhd (Petronas) executive vice-president and CEO for gas and new energy Adif Zulkifli said Malaysia was just one price review away from achieving market-based gas pricing this year. “If this happens, it would truly be […]
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