As the Chinese economy grows and demand for more complex imports goes up, Asean – which has a heavy trade dependency with China – needs to begin investing in human capital and information communication and technology (ICT) infrastructure, say analysts at OCBC. They pointed to how the booms and busts of the electronics cycle in […]
Read MoreTwo key committees under the Bank of Thailand have voiced concerns that threats to financial stability are still on the rise as household debt accumulation accelerates. The country’s family debt load remains high and is set to pick up further, particularly in auto loans, according to a summary of the joint meeting of the Monetary […]
Read MoreKUALA LUMPUR: The ringgit rose to a high of 4.1217 against the US dollar on Thursday after US Federal Reserve chairman Jerome Powell indicated a cut in interest rates. At 12.30pm, the ringgit was up 0.34% to 4.1230 — the highest since April 16. The Federal Reserve is preparing to cut interest rates for the […]
Read MoreLaos is falling in line with other countries by allowing tourists to apply for a visa online, aiming to bolster the number of foreign visitors. Deputy Prime Minister Sonexay Siphandone, Minister of Foreign Affairs Saleumxay Kommasith and representatives of other sectors involved on Tuesday pressed buttons to initiate the e-visa service at a special ceremony […]
Read MoreThe trade value of brand-name products smuggled into Thailand surged in June, partly motivated by bigger profits from the firmer baht, says a Customs Department official. The department last month saw 45 cases of smuggled brand-name goods worth 42.9 million baht in total, more than doubling the average monthly haul of 20 million baht in […]
Read MoreBank Negara Malaysia (BNM) kept its policy rate on hold at 3 per cent, in line with expectations held by HSBC and 25 out of 28 economists polled by Bloomberg. The central bank believes that the external sector might be weighed down from slower global growth and trade-related downside risks. However, it expects domestic demand to […]
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