SINGAPORE – There is euphoria in the Singapore property market, and developers, banks and home buyers should be cautious, said Mr Ravi Menon, managing director of the Monetary Authority of Singapore (MAS). Developers should be cautious when making their land bids, bearing in mind the supply that is coming on-stream, said Mr Menon on Wednesday (July 4). […]
Read MorePeople can now board a train in Phnom Penh and travel all the way to Poipet, in the border with Thailand, after the last section of the western rail line was officially inaugurated yesterday. Renovation work on the western rail line, which covers 386 kilometres and connects the capital with the Thai border, has now […]
Read MoreMANILA, Philippines — The country’s economic managers remain lukewarm to pursuing more big-ticket projects via public-private partnership (PPP) even as the shift in financing mode from official development assistance (ODA) to other modes is being considered. In a briefing yesterday, Finance Secretary Carlos Dominguez III said should government pull out some projects from ODA financing […]
Read MorePETALING JAYA: The increase in electricity tariff, which can result in an additional cost of more than RM100mil per annum to the iron and steel industry, may impede the recovery of the sector. According to the Malaysian Iron and Steel Industry Federation (Misif), the industry, despite having emerged from the doldrums, continued to operate in […]
Read MoreJAKARTA: Indonesia will review imports of capital goods to help rein in the current-account deficit and stem a deepening currency rout. Finance Minister Sri Mulyani Indrawati said major government projects could be shelved as authorities widen the scope of their efforts to stabilise the currency. The rupiah has slumped more than 5% against the dollar […]
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