KUALA LUMPUR: Malaysia‘s central bank on Wednesday lowered its economic growth expectation for this year and forecast a significant drop in export expansion due to a slowdown in the global economy and the US-China trade war. The economy is expected to grow 4.3-4.8% this year, Bank Negara Malaysia said in its annual report. In November, the central bank and the government had forecast 4.9% growth for […]
Read MoreCoordinating Maritime Affairs Minister Luhut Pandjaitan said he wants to push for the emergence of a new player in the jet fuel or avtur business in an effort to lower airfares and boost tourism in the country. One company that had expressed interest in becoming an avtur supplier is a joint venture firm established by publicly […]
Read MoreMANILA, Philippines — Amid the slowdown in the global economy, a soft landing can be expected for the Philippines this year, UK-based Oxford Economics said in a research brief yesterday. For the country, this entails a transition from a fast growth trajectory to a slower or flat growth path while avoiding recession. The macroeconomy research […]
Read MoreNo matter who forms the next government, Central Pattana, the SET-listed retail and property company, is committed to further investment in Thailand’s 3.6-trillion-baht retail market. The company looks to set aside 18.7 billion baht this year to finance its new mall projects and property development handled by Grand Canal Land (GLAND), the firm it acquired […]
Read MoreKUALA LUMPUR: Malaysia is neither entering a recession nor is it suffering from deflation, Bank Negara says. Despite tough economic headwinds, central bank governor Datuk Nor Shamsiah Mohd Yunus asserts, Malaysia is expected to remain on a steady growth path this year, supported by resilient domestic demand. Underlying inflation, on the other hand, is expected […]
Read MoreThailand’s border trade fell in February, attributed to a strong baht and higher competition from Chinese goods. The Commerce Ministry’s Foreign Trade Department on Tuesday reported overall cross-border trade, including transit trade, shrank by 2.47% year-on-year in February to 83.8 billion baht. Transit trade consists of businesses connected with the passage of goods through more […]
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