[KUALA LUMPUR] Any international bank that has an operating license in Malaysia could face legal action if it facilitates ringgit futures trading on the Singapore Stock Exchange and the Intercontinental Exchange, Malaysia’s central bank governor said on Friday. Bank Negara Malaysia (BNM) Governor Muhammad Ibrahim said any ringgit transaction in Singapore involving a Malaysian client […]
Read MoreSINGAPORE’S total domestic wholesale trade jumped 18.5 per cent year on year in the second quarter of 2017, based on data released by the Department of Statistics on Friday. With petroleum stripped out, domestic wholesale trade rose 4.8 per cent compared to a year ago. After adjusting for price changes, overall domestic wholesale trade registered […]
Read MoreAs Cambodia continues its upward trajectory towards becoming a lower-middle-income country, it will face even greater challenges in reducing high levels of poverty as the Kingdom loses its preferential trade privileges and donor funding dries up, according to a new World Bank report. The World Bank’s Systematic Country Diagnostic, presented yesterday in Phnom Penh, stated […]
Read MoreKUALA LUMPUR — Malaysia’s economy grew faster than economists forecast in the second quarter, fuelled by stronger consumer spending and a pick-up in manufacturing. Key Points Gross domestic product rose 5.8% from a year earlier, after climbing 5.6% in the first quarter, Bank Negara Malaysia said Friday The median estimate of 26 economists surveyed by […]
Read MoreTEMPO.CO, Jakarta – Coordinating Minister for Economic Affairs Darmin Nasution revealed that the foreign investments for the national development will increase in 2018. “[National development projects] will not only be funded by the State Budget, the role of the private sector will increase,” said Minister Darmin Nasution on Thursday, August 17. According to him, the government has prepared a number of […]
Read MoreThailand’s economic growth is expected to have cooled slightly in the second quarter, as public and private investment slowed, offsetting some of the boost from stronger exports and tourism. Growth in Southeast Asia’s second-largest economy has lagged its regional peers since the army seized power in 2014 to end months of political unrest. The junta […]
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