KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today as traders stayed cautious ahead of a widely expected US interest rates cut later this month. At 9.05am, the ringgit stood at 4.1120/1170 from Monday’s close of 4.1110/1150. A dealer said the ringgit is moving within a tight range ahead of the Federal […]
Read MoreThe recent rate cut by Bank Indonesia (BI), which has hinted at more cuts in the future, combined with improvements to government investment policies, is expected to boost investment growth, Finance Minister Sri Mulyani Indrawati has said. “We hope investment will pick up in the second half of the year,” she in Jakarta on Monday, […]
Read MoreMANILA, Philippines — Motor vehicle production in the Philippines continued to fall behind the rest of Southeast Asia as it posted the biggest decline in output at 29.5 percent in the five months to May this year. Data from the ASEAN Automotive Federation showed the Philippines churned out 25,892 motor vehicles as of end-May, lower […]
Read MoreThe Hanoitimes – Following the sale, the state ownership in BIDV would reduce from the current 95.28% to over 80% of the bank’s charter capital. State-run BIDV, the country’s second-largest lender by assets, on July 22 announced it would offer 603.3 million of shares, or 15% of stake worth VND20.29 trillion (US$868 million) in a […]
Read MoreThe Revenue Department is studying two options for the government’s personal income tax cut campaign promise — one an outright 10-percentage point cut across tax brackets and the other a 10% cut across brackets. For the cut by 10 percentage points, individual taxpayers who are liable to up to 10% rates now will be exempt, […]
Read MoreThailand’s exports will drop by up to 3.1 per cent this year, economists forecast on Monday, after June figures fell on the same period last year amid a strengthening baht. After the Commerce Ministry reported a 2.1 per cent fall in June, the SCB Economic Intelligence Centre projected the country’s exports will drop this year […]
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