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 US monetary policy. Bank Negara Malaysia held its key rate at 3 per cent, it said in a statement in Kuala Lumpur on Thursday […]
Read MoreThe Nong Or project to develop a tourism site in Sikhottabong district, Vientiane will commence construction in the near future after a project design model was selected recently. The project is now awaiting approval from the Vientiane authorities after the developer, Kanghua Investment Co., Ltd, proposed the model, one of the project’s partners told local […]
Read More[BANGKOK] A recovery in the global economy could spur growth in Thailand’s exports this year, beating a central bank forecast of zero growth in 2017, a central bank official said on Thursday. But the bank will wait to see the new trade policies of US president-elect Donald Trump and Thai export data in coming months […]
Read More[JAKARTA] Indonesia has adopted a new scheme for future oil and gas production sharing deals so that contractors shoulder the cost of exploration and production, rather than being reimbursed by the government. Under the shake-up, flagged late last year, contractors will retain a bigger portion of the oil and gas they recover in return for […]
Read MoreHANOI (BLOOMBERG) – GIC has hit a snag as it seeks government approval for its planned investment in Bank for Foreign Trade of Vietnam JSC, the nation’s biggest lender by market value, people with knowledge of the matter said. The deal, originally expected to be completed by the end of 2016, hasn’t yet been approved […]
Read MoreKUALA LUMPUR (REUTERS) – Malaysia’s central bank kept its key rate unchanged at 3.00 per cent on Thursday as policy makers were cautious amid a fragile ringgit currency and uncertainty around United States policies under incoming president Donald Trump. All 11 economists polled by Reuters had expected BNM to hold its key rate steady, as […]
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