During US-ASEAN Special Summit, the US pledged US$150 million to tackle several key topics ranging from maritime security to pandemic preparedness to clean energy. Despite hitting the right notes, the summit lacked the concrete trade and investment commitments that ASEAN members were seeking. Access to the prized US market for ASEAN will be vital if Washington wants to balance … [Read more...] about Why Does the US-ASEAN Special Summit Lack Substantial Value?
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Philippine central bank raises interest rates to curb inflation
MANILA, May 19, 2022 (AFP): The Philippine central bank raised interest rates Thursday for the first time in more than three years, in a bid to curb inflation as rising fuel prices and food shortages push up living costs. Robust economic growth and jobs in the first quarter gave the monetary authority room to continue "rolling back its pandemic-induced interventions", said … [Read more...] about Philippine central bank raises interest rates to curb inflation
Trading ideas: Country Heights, Malaysia Smelting Corp, LBS Bina Group, Sunway REIT, Cahya Mata Sarawak
KUALA LUMPUR: Stock with recent corporate announcements that could see increased trading action include Country Heights, Malaysia Smelting Corp , LBS Bina Group, Sunway REIT, Cahya Mata Sarawak, Signature International, Fiamma, MPHB Capital, Serba Dinamik , EA Technique and Zelan, said JF Apex Research. Country Heights Holdings Bhd was slapped with an … [Read more...] about Trading ideas: Country Heights, Malaysia Smelting Corp, LBS Bina Group, Sunway REIT, Cahya Mata Sarawak
Cambodia iron, steel imports mount as construction sector recovers
PHNOM PENH (The Phnom Penh Post/Asia News Network): Cambodia imported iron and steel worth US$119.72 million in the first four months of 2022, marking an increase of 19 per cent over the $101 million recorded in the same period last year, according to Customs. This accounted for 1.192 per cent of the Kingdom’s total goods imports over January-April, valued at $10.043 billion, … [Read more...] about Cambodia iron, steel imports mount as construction sector recovers
No plan to issue central bank digital currency
PETALING JAYA: Bank Negara has no immediate plan to issue a central bank digital currency (CBDC) either in the form of wholesale or retail. Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunus said currently, Malaysia’s domestic payment system has remained efficient to support the needs of the economy and allow real-time digital payments. “Also, our current monetary and … [Read more...] about No plan to issue central bank digital currency