The four biggest commercial banks have passed on the central bank’s 25-basis-point policy rate cut almost in full, slashing their minimum retail rate (MRR) and minimum overdraft rate (MOR) from Thursday. Kasikornbank (KBank), Krungthai Bank (KTB) and Bangkok Bank (BBL) cut their MOR and MRR by 25 basis points, while Siam Commercial Bank (SCB) lowered […]
Read MoreEuropean businesses operating in Indonesia have become increasingly concerned about security risks in the country, a recent joint survey by European business chambers has revealed. The survey was compiled in the 2019 Business Confidence Index, which concludes that 60 per cent of the respondents are still upbeat about Indonesia’s business momentum. Beyond the usual issues […]
Read MoreKUALA LUMPUR: Malaysia’s consumer price index rose 1.4% in July from a year earlier, a bit slower than the previous month, government data showed.Economists surveyed by Reuters had forecast for the index to climb 1.5% year-on-year in July, matching the pace in June. June’s annual inflation rate was the fastest in more than a year, […]
Read MoreRENTS of condominiums in Singapore inched up in July after two straight months of decline, while those of HDB flats held largely steady from June, according to monthly flash data from real estate portal SRX Property released on Thursday. The number of units leased also saw a month-on-month increase for both condos and HDBs. For […]
Read MoreThe construction industry is hoping for lower taxes for the industry, which had been lobbied for last year but was not approved when the Union Tax Bill 2019 was submitted to Pyidaungsu Hluttaw on August 7. Section 25 of the bill includes the tax reduction asked for by the industry. Construction executives pointed out that […]
Read MoreThe Hanoitimes – VECOM predicted with the growth rate of 2019 and 2020 remaining at 30%, by 2020 the market size would reach US$13 billion. Vietnam’s e-commerce market size currently ranks second in Southeast Asia with 40 million online shoppers, only behind Indonesia, according to Lai Viet Anh, deputy head of Vietnam E-commerce and Digital Economy […]
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Thailand
