30 foreigners to observe Philippine polls

13 May, 2013
By Jerome Aning | Source: ANN

More than 30 foreign observers are currently in the country to monitor the Philippines’ midterm elections. Organised by the Compact for Peaceful and Democratic Elections (Compact), the foreign observers attended the formal launching of

UN launches ‘zero hunger challenge’ in Asia

13 May, 2013
By The Nation | Source: ANN

The United Nations launched the “Zero Hunger Challenge in Asia and the Pacific” here recently in the presence of national leaders, calling on governments, farmers, scientists, business, civil society and consumers to join hands

World Bank to continue to support Vietnam

10 May, 2013
By BTimes | Source: The Business Times

The World Bank will continue to provide Vietnam with support as much as possible, WB East Asia and Pacific Regional Vice President Axel van Trotsenburg told Vietnamese Prime Minister Nguyen Tan Dung at a

Banks Scrap 0% Rate Mortgage Loans

10 May, 2013
Source: Bangkok Post

Three large banks scrapped zero-interest rate mortgages, their standard offer at the Money Expo for 13 years, to abate regulators’ concerns about a property bubble. Siam Commercial Bank (SCB), Kasikornbank (KBank) and Bangkok Bank

ASEAN Secretary-General Rules Out ASEAN Single Currency

10 May, 2013
By Malminderjit Singh | Source: BT Premium

HOPES of a single Asean currency in the future, as the region integrates, faded yesterday as the association’s secretary general said that the grouping will not adopt a common denomination. Le Luong Minh said

Foreign Reserves forecasted to grow to US$144.6 billion

10 May, 2013
By RUPA DAMODARAN | Source: The Business Times

MALAYSIA’S foreign reserve level is likely to rise to a record US$144.6 billion (RM429 billion) by year-end, buoyed by the tidal wave of global capital flows, CIMB Investment Bank says. “We remain cautiously optimistic

Azerbaijan to Develop ties with ‘Tiger of South East Asia’

10 May, 2013
By Bernama | Source: Borneo Post

Azerbaijan sees Malaysia as an advanced Muslim country and regards it as the ‘Tiger of Southeast Asia,’ backed by good economic reforms and rapid development, Azerbaijan Ambassador-Designate to Malaysia, Prof Dr Qaley Allahverdiyev, said.

CPF Retirement Minimum Sums Increased

9 May, 2013
Source: AsiaOne

Account holders who turn 55 between July 1 and June 30 next year will need to set aside a minimum sum of $148,000 in their CPF retirement account. This is up from the $139,000

Shariah Banking on the Up

9 May, 2013
By ID/Gita Rossiana | Source: The Jakarta Globe

The market share of Islamic lenders in Indonesia during the first quarter of 2013 reached nearly 5 percent for the first time ever, Bank Indonesia said on Wednesday. The market share of Shariah-compliant banks

CIMB gets Hong Kong banking licence

9 May, 2013
Source: The Business Times

CIMB Bank Bhd, the bank arm of CIMB Group Holdings Bhd, has been granted a banking licence in Hong Kong. This licence was given out by the Hong Kong Monetary Authority (HKMA) under the