The government’s economic growth target in 2020 is unrealistic given last year’s sluggish economic expansion and looming risks from the coronavirus outbreak, economists have said. Institute for Development of Economics and Finance (Indef) economist Abdul Manan Pulungan said the global uncertainty that hampered global growth last year would continue this year, adding that there was […]
Read MoreManila, Philippines — The outbreak of the 2019 novel coronavirus (nCoV) may cut the country’s gross domestic product (GDP) growth by 0.3 percentage point this year, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno told reporters on the sidelines of the general membership meeting of the Management Association of the Philippines (MAP) […]
Read MoreKUALA LUMPUR: Malaysia remained an attractive investment destination for Japanese firms despite the current weak global economic environment. Japanese Chamber of Trade and Industry (Jactim) vice-president Daiji Kojima said the cost of doing business in Malaysia is still affordable and the country’s geographic location is also good for trade movement. “(However) other Asean countries are […]
Read MoreThe Bank of Thailand still has monetary policy space to support the country’s economic growth if necessary, its chief says. Central bank governor Veerathai Santiprabhob’s comments came a day after rate-setters cut the policy rate by a quarter-point to a historical low of 1%. “The Bank of Thailand is the first central bank to take […]
Read MoreTHE Monetary Authority of Singapore (MAS) and the US Treasury, in a joint statement on Thursday, supported the case for cross-border data transfer by financial services firms without the need for data localisation, as long as financial regulators have access to data needed for regulatory and supervisory purposes. Data localisation is the practice of keeping data […]
Read MoreThe Consumer price index (CPI) rose 1.05% in January from a year earlier, quickening from the previous month and beating expectations, Commerce Ministry data showed on Thursday. A Reuters poll had forecast the CPI would rise 0.96% year-on-year in January after December’s 0.87% increase. The headline reading was the highest in eight months and returned […]
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