MALAYSIA will not abolish interest charges imposed on credit cards used in retail shopping, Deputy Finance Minister Datuk Othman Aziz said. Abolishing interest on credit card usage does not necessarily benefit the Malaysian economy. Instead, it could encourage excessive spending and a general lack of discipline among credit card holders, he said in reply to […]
Read MorePRIVATE-SECTOR economists have flagged the threat of a global trade war as the biggest downside risk for Singapore’s economy, even as they raised their 2018 growth forecast for the second consecutive time. In the Monetary Authority of Singapore’s quarterly survey of professional forecasters, out on Wednesday, trade protectionism was the top downside risk, cited by […]
Read MoreMANILA, Philippines — The Philippines can attract more foreign direct investments (FDIs) by easing restrictions on industries relying heavily on significant technological capability, expanding incentive options by going beyond offering tax holidays, improving ease of doing business, and honoring contracts across administrations, businessman Manuel V. Pangilinan said. Pangilinan, in a speech read yesterday by MVP […]
Read MoreThe long-delayed Dawei special economic zone (SEZ) project is still moving at a glacial pace, with new development unlikely to take shape until the tripartite meeting among Thailand, Myanmar and Japan in April. Porametee Vimolsiri, secretary-general of the National Economic and Social Development Board (NESDB), said the development of the first phase of the Dawei project has […]
Read MoreThe Hanoitimes – Foreign firms invested US$3.5 million in 514 agricultural projects until February 2018, accounting for only some 1 percent of the sector’s total investment capital, reports from the Ministry of Planning and Investment (MPI) showed. According to the ministry, the foreign direct investment (FDI) capital to the agricultural sector represented only 0.5 percent and […]
Read MoreMyanmar’s GDP growth is forecast to hit 7.2 percent during the first six months of 2018 under the National Planning Law, which was signed and approved by President U Htin Kyaw on March 8 and announced Monday. That is up from GDP growth of 6.2pc in the first six months of 2017. As such, achieving […]
Read More
Thailand
