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Mastercard, the globally renowned credit card company, has named Minsook Cho as its new country manager for Singapore. Cho, an industry veteran with more than two decades of experience, will hold the key responsibility of determining and implementing the…
Member states of the Association of Southeast Asian Nations are on a path to transform their power landscapes as energy demand continues to rise to match the region’s economic growth potential, a power management company said this week. “In the pursuit of a…
Malaysia’s real gross domestic product (GDP) growth is likely to return to the 4.6-5% trend range in 2020 as economic drag diminishes, said UBS Investment Bank economist Edward Teather. He said the impact of the trade war and the government’s institutional…
Malaysia’s real gross domestic product (GDP) growth is expected to recede to 4.7% in 2019 after averaging at around the 5% mark between 2015 and 2018 on the back of external headwinds, according to Moody’s Investors Service. For 2020, the economy is projected…
The growth of the global economy is expected to slow to 2.9% in 2019 compared with 3% in 2018, the World Bank said on Tuesday, citing elevated trade tensions and international trade moderation. “At the beginning of 2018 the global economy was firing on all…
Last year’s uncertainties and unclear future scenarios are reflected in more cautious assessments than number crunching for 2019. Nguyen Duy Hung, chairman of SSI, a leading Saigon broker, said that with a drop of over 20 percent from its peak, when the…
Banks usually hike deposit interest rates and even offer promotions at the year end, and this year has been no different. On December 19 Sacombank announced a rise in interest rates on deposits of three months from 5.2-5.3 percent to 5.5 percent, and on…
Malaysia’s economy is likely to grow in February to April 2019, according to the performance of Malaysian Economic Indicators: Leading, Coincident & Lagging Indexes for October 2018 that was released last monday. Chief statistician Malaysia Datuk Seri Dr Mohd…
