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World Bank sees Malaysia’s growth moderating until 2020

PETALING JAYA: The World Bank has cut Malaysia’s gross domestic product (GDP) growth forecast for 2018 to 4.9% from 5.4% on the back of slowing export growth and lower public investment. It expects the country’s pace of economic expansion to continue moderating until 2020. Although the move is largely unsurprising, the bank’s downward revision in […]

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Asia needs to clean up

Asian companies, particularly those in Southeast Asia, are at risk of falling out of multinational corporations’ supply chains if they fail to improve their environmental, social and governance (ESG) strategies, according to HSBC.  The conclusion is contained in a report commissioned by the multinational bank, in conjunction with East & Partners, based on interviews with senior […]

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Thailand: BoT sets mortgage curbs

The Bank of Thailand will require homebuyers to make a down payment of at least 20% of home value for new mortgages worth 10 million baht and higher as well as for second homes, in an effort to curb mortgage and property risks and improve housing loan quality.  The requirement is expected to be implemented from […]

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Cambodia: World Bank predicts growth for Kingdom

The World Bank’s economic report on East Asia and Pacific says the Cambodian economy is expected to grow at seven per cent this year, compared to 6.9 per cent last year. The result is underpinned by upbeat investor sentiment and rising government spending, it said in its report released on Thursday. “As global demand peaks […]

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