By Rozanna Latiff and Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysia’s economy returned to growth in the fourth quarter of last year, as coronavirus curbs were lifted and economic activity resumed. Gross domestic product rose 3.6% in the October-December period, the central bank said on Friday, faster than the 3.3% rise forecast in a […]
Read MoreThe baht opened at 32.76 to the US dollar on Friday, weakening from Thursday’s close of 32.63. The Thai currency is likely to move between 32.65 and 32.85 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht weakened less than expected as foreign investors bought Thai stocks and short-term bonds […]
Read MoreKUALA LUMPUR (Feb 11): Bank Negara Malaysia (BNM) governer Tan Sri Nor Shamsiah Mohd Yunus said on Friday (Feb 11) that the nation is “nowhere near” the risk of very-high inflation — because upward consumer price pressure had mainly been due to Covid-19-pandemic-driven supply-chain disruptions — as demand recovers in tandem with improving economic conditions […]
Read MoreSYDNEY: International bookings for flights to Southeast Asian countries that are relaxing tight pandemic-related border controls rose sharply in January, data from online travel company Skyscanner shows, in a positive sign for the region’s hard-hit airlines. International passenger travel in the Asia-Pacific region was down 93% from pre-pandemic levels last year, leaving airlines heavily reliant […]
Read MoreThree critical trends will propel Cambodia’s economy, says Sim Vireak, a strategic adviser to the Phnom Penh-based Asian Vision Institute (AVI). The first thing to watch, according to him, is how well the nation can tap the benefits from the success of the inoculation drive. Despite strong efforts to reopen the country and economy, tourists […]
Read MoreBefore the Lunar New Year, many fruits and agricultural products exported to China were stuck at the border gates, with thousands of containers, and traders neglected to purchase them. However, just after the end of the Lunar New Year, fruit prices skyrocketed, benefiting businesses, which had had cold storage warehouses to store goods before. Suffering […]
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