KUALA LUMPUR: Malaysia’s palm oil board on Monday warned of a tough 2023 for the market for the world’s most consumed edible oil, with the persistence of global uncertainties in weather, geopolitics and economics that have caused wide price swings this year. The edible oils market has grappled with volatility triggered by recession fears, Russia’s […]
Read MoreJAKARTA: Five Southeast Asian central banks signed on Monday a memorandum of understanding on regional cross border payments at an event ahead of a G20 summit in Bali. The five Asean countries are Indonesia, Malaysia, Thailand, the Philippines and Singapore. During the signing ceremony, Indonesian’s central bank governor Perry Warjiyo said regional connectivity will work […]
Read MoreEMPLOYERS should give their lower-wage workers a built-in wage increase of 5.5 to 7.5 per cent, or at least S$80 to S$100, whichever is higher, the National Wages Council (NWC) said in its 2022/2023 wage guidelines on Monday (Nov 14). The lower bounds of this year’s recommendations are slightly higher than that of last year’s, […]
Read MoreKUALA LUMPUR: Malaysia’s services and manufacturing growth, the big factor behind the country’s strong third quarter (Q3) gross domestic product (GDP) print, are projected to continue their growth into 2023. Moody’s Analytics, in its latest Asia Pacific Economic Preview report, said the stronger year-on-year growth of 14.2 per cent in Q3 exceeded expectations with consumption […]
Read MoreTHAILAND’S monetary policy would be “measured and gradual” to support economic recovery, Bank of Thailand governor Sethaput Suthiwartnarueput told a seminar on Monday. The economy was recovering gradually, despite a global slowdown, and should reach pre-Covid levels early next year, he said. The central bank governor said the economy was expected to grow 3.3 per […]
Read MoreAs inflation continues to accelerate MANILA, Philippines — Economists are expecting the central bank to deliver another huge 75-basis-point hike on Thursday, as pre-announced by Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla. Security Bank chief economist Robert Dan Roces said the aggressive rate hike is justified as inflation accelerated to a 14-year high […]
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