JAKARTA: Indonesia must brace for a long period of global monetary policy easing, which will open the door for more interest rate cuts in South-East Asia’s biggest economy and a possible surge in foreign inflows, the nation’s newest central banker said. Destry Damayanti, 55, was approved by the parliament yesterday as the senior deputy governor […]
Read MoreDUNGUN: China and Malaysia resumed construction on a massive “Belt and Road” train project in northern Malaysia on Thursday, after a year-long suspension and following a rare agreement to cut its cost by nearly a third to about US$11bil. The project was initially canceled by Malaysian Prime Minister Tun Dr Mahathir Mohamad, who came to […]
Read MoreSINGAPORE – Rents of office space in the central region of Singapore rose 1.3 per cent in the second quarter of this year over the previous three months. This contrasts with the drop of 0.6 per cent in the first quarter, according to figures from the Urban Redevelopment Authority (URA) released on Friday (July 26). […]
Read MoreThe imposition of a capital gains tax on equity investments is being studied, including input from academics, but whether it will be enacted rests with the government, says the head of the Revenue Department. The Revenue Department must consider the pros and cons of taxing gains from selling shares, said Ekniti Nitithanprapas, director-general of the […]
Read MoreThe Thailand economy’s slowing growth has impacted the credit card spending of Bangkok Bank cardholders. The bank’s credit card spending in the first half of this year grew by only 6-7 per cent compared to 10 per cent for the same period of last year, according to Shoke Na Ranong, the executive vice president and […]
Read MoreIn response to growing investors’ interest in Myanmar’s finance sector amid on-going market liberalisation, key players in the microfinance industry gathered on Tuesday at an event in Yangon, the nation’s hub of commerce. Phyu Yamin Myat, general secretary of Myanmar Microfinance Association, told the first-ever Microfinance Success Asia event in the country that foreign businesses […]
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