The Monetary Policy Committee on Wednesday (September 25) reduced its forecast for economic growth this year from 3.3 to 2.8 per cent and for next year from 3.7 to 3.3 per cent. “This is the fourth adjustment since last year,” said its secretary, Titanun Mallikamas. “In June 2018 the committee estimated GDP growth at 4.2 […]
Read MoreANALYSTS from OCBC are expecting the Monetary Authority of Singapore (MAS) to ease its monetary policy stance come its review next month. “Our base case scenario is for the MAS to ease its monetary policy stance by reducing the slope of the S$NEER (Singapore dollar nominal effective exchange rate) policy band from the currently estimated […]
Read MoreThe Hanoitimes – Experts attributed the big interest among foreign investors in Vietnamese edtech start-ups to the very positive outlook of the country’s online education market. With an estimated value of US$2 billion and an enormous growth potential, Vietnam’s online education market (e-learning) is attracting a big investment capital from foreign funds. Everest Education was the […]
Read MoreMANILA, Philippines — The Asian Development Bank on Wednesday slashed its growth outlook on the Philippine economy as the delayed passage of the 2019 budget crimped state spending in the first semester and as headwinds threaten the global economy. In an update of its Asian Development Outlook report, the Manila-based multilateral lender downwardly revised its […]
Read MoreKUALA LUMPUR: Higher food prices pushed the Consumer Price Index (CPI) in Kuala Lumpur, Penang, Selangor and Putrajaya and Perak above the national inflation rate in August, according to the Statistics Department. In a statement issued on Wednesday, it said KL registered a 2.4% increase in the CPI, Penang (2%), Selangor and Putrajaya (1.8%) and […]
Read MoreThe Deposit Insurance Corporation (LPS) announced on Tuesday a cut in its guaranteed interest rates for both rupiah and foreign currency-denominated savings and deposits following a cut in Bank Indonesia’s benchmark rate last week. LPS lowered the guaranteed rate for rupiah savings and deposits in commercial banks by 25 basis points (bps) to 6.5 percent, […]
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Thailand
