KUALA LUMPUR: Malaysia remains on track to achieve the forecast Gross Domestic Product (GDP) growth of between 6.0 per cent and 7.5 per cent in 2021, Bank Negara Malaysia said on Tuesday. Governor Datuk Nor Shamsiah Mohd Yunus said the growth would be reinforced by the recovery in domestic demand as the index of retail […]
Read MoreThe cabinet on Tuesday approved 45 billion baht of projects aimed at reviving the economy, the prime minister said, as the tourism-reliant country struggles with a third wave of coronavirus infections. The projects would improve the local economy and community, Gen Prayut Chan-o-cha told reporters, without giving further details. It follows an economic relief package […]
Read MoreBioNTech, the vaccine maker that has partnered with Pfizer on its Covid-19 shot, will be designating Singapore as its regional headquarters for Southeast Asia, and will set up an mRNA manufacturing facility in the city-state. It plans to open its Singapore office and start the construction of the manufacturing facility this year, subject to planning […]
Read MoreMANILA (REUTERS) – The Philippine economy shrank more than expected in the first quarter, though sequential momentum showed a recovery was underway and suggested the central bank will keep rates at a record low at this week’s policy review to support the revival. Gross domestic product fell 4.2 per cent in the March quarter from a […]
Read MoreVietnam is the largest gold market in Southeast Asia, according to a recent study of the World Gold Council (WGC). The WGC also announced the country among the top 10 markets in the world, saying consumer demand for gold in Vietnam reached 39.8 tonnes in 2020, higher than the demand of 37.6 tonnes in Indonesia […]
Read MoreThe baht opened at 31.09 to the US dollar on Tuesday, unchanged from Mondays closing rate. The Thai currency is likely to move between 31.05 and 31.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. He predicted that the baht would move to 31 to the dollar with resistance. Meanwhile, several companies are […]
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