KUALA LUMPUR: Kenanga Investment Bank Bhd believes that Bank Negara will retain the overnight policy rate (OPR) at 3.25% this year as part of the strategies to ensure capital market stability, ample liquidity and to remain supportive of banking industry growth. In a research note, Kenanga said year-to-date (YTD) loan growth has moderated to 5.1%, […]
Read MoreAmata VN Plc, a subsidiary of SET-listed industrial estate developer Amata Corporation, plans to develop a 50-square- kilometre plot in Yangon as its second foreign industrial estate in 2019. Amata VN is conducting a feasibility study to allocate budget for the first phase of the industrial estate in Myanmar’s biggest city. In this phase, the company […]
Read MoreBuoyed by year on year growth, the Kingdom’s agriculture sector remained positive about its growth potential this year, despite the looming threat of EU safeguard measures hanging over the country’s rice industry. The Ministry of Agriculture, Forestry and Fisheries expressed optimism that this year would be another good year for the sector, with ministry spokesman […]
Read MoreHCMC – The Government is aiming for a softer gross domestic product (GDP) growth rate of 6.8% this year and an inflation ratio of less than 4%, according to a new resolution on key tasks and measures to execute the socioeconomic development plan and the State budget estimates for 2019. In 2018, the country achieved […]
Read MoreHANOI — The State Bank of Vietnam (SBV) has issued a circular to allow credit institutions and foreign bank branches to extend loans in foreign currencies to some borrowers in 2019, rather than cutting them off at the end of last year as planned. Under the new circular, lenders will be permitted to provide short-term […]
Read MoreHANOI — Total retail sales of goods and services in Vietnam reached nearly VND4.4 quadrillion (US$191 billion) in 2018, representing a rise of 11.7 per cent against the previous year, according to the General Statistics Office (GSO). According to the GSO, the increase reflected strong purchasing power in the domestic market, which contributed significantly to […]
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