KUALA LUMPUR • Malaysia’s central bank kept its benchmark interest rate unchanged for a third straight meeting to help bolster the currency as policymakers in emerging economies gird themselves for tighter United States monetary policy. Bank Negara Malaysia held its key rate at 3 per cent, it said in a statement yesterday. The ringgit has […]
Read MoreBank of America Corp.’s chairman of its Chinese business will urge more US companies to seek investment opportunities in Cambodia under the umbrella of China’s “One Belt, One Road” socio-economic initiative. According to Prime Minister Hun Sen’s Facebook post, Margaret Ren met with him at the sidelines of the World Economic Forum in the Swiss […]
Read MoreKasikornbank’s (KBank) unaudited fourth-quarter net profit rose 86% year-on-year to 10.2 billion baht mainly because of lower loan-loss provisions, higher net interest income and rising non-interest income. The bank delivered a 5.3% year-on-year increase to its net interest income, rising to 23 billion baht in the three months to December, and a 4.8% year-on-year lift […]
Read MoreKUALA LUMPUR: Higher food prices pushed December’s inflation rate up 1.8% from a year ago but the increase was slightly lower than a Bloomberg survey of a 1.9% rise. The Statistics Department said the overall index for the Consumer Price Index (CPI) increased by 1.8% to 116.9 in December 2016 from 114.8 a year ago. […]
Read MoreA Ministry of Finance proposal to increase the environmental protection tax on oil and gas consumption from the current VND3,000 (US$0.13) to VND8,000 per litre has generated concerns about impacts on daily life and production. Lao Đong (Labour) and Tin Tuc (News) newspapers discussed the issue with Vu Khac Liem deputy director of the ministry’s […]
Read MoreSINGAPORE has come in as the eighth most expensive city in the world to move to, with a basic first month living cost of US$2,148.45, according to the 2017 Relocation Price Index. In a study by online moving platform Movinga, it was found that Luanda, Angola had the highest first month’s basic costs, ahead of […]
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Thailand
