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OCBC Bank to raise base rate by 0.25% following OPR revision
KUALA LUMPUR: OCBC Bank will be increasing its base rate (BR), base lending rate (BLR) and base financing rate (BFR) by 0.25 per cent tomorrow (May 18) following Bank Negara Malaysia’s announcement of a hike in the overnight policy rate (OPR) to 2 per cent from 1.75 per cent.
China's Covid controls will impact foreign investment for years: US lobby
SHENZHEN (Reuters): China's strict Covid-19 controls will hamper foreign investment into the country for years to come as limits on travel block the pipeline for projects, the President of the American Chamber of Commerce warned on Tuesday (May 17).
New minimum wage exempts small Philippine firms
MANILA (Philippine Daily Inquirer/Asia News Network): Retail and service businesses with 10 workers or less as well as micro enterprises that have not recovered from the pandemic may apply for exemption from paying the new minimum wage rate in Metro Manila and Western Visayas.
Work on Changi Airport Terminal 5 to restart, completion around mid-2030s
SINGAPORE (The Straits Times/Asia News Neetwork): Singapore will restart work on Changi Airport Terminal 5 after a two-year pause, to build up the country's future capacity as the aviation industry recovers faster than expected from the Covid-19 pandemic.
Trading ideas: MR DIY Group, Pharmaniaga, Caely Holdings, Malaysian Bulk Carriers, Iskandar Waterfront City and Fitters Diversified
KUALA LUMPUR: Stocks that could be on investors' radar screen on Tuesday include MR DIY Group, Pharmaniaga, Caely Holdings, Malaysian Bulk Carriers, Iskandar Waterfront City and Fitters Diversified, said JF Apex Research.
This luxury train in South Africa takes passengers – but it never moves
In the middle of the Kruger National Park, South Africa’s most celebrated wildlife reserve, this luxury train takes passengers – but it never moves.
After fires and floods, climate-conscious independents could determine Australian election
SYDNEY (Reuters) - After some of the worst fires and floods ever to hit Australia, a new cohort of climate-conscious independents are threatening to shake up the federal election on Saturday, putting the government under pressure in key districts and potentially reshaping the country's political landscape.
Emphysema missed among Black men in U.S. due to race-adjusted lung tests: report
LOS ANGELES, May 16 (Xinhua) -- Black men in the United States who are in their fifties may be more than six times more likely than white men of the same age to have emphysema when lung function tests deem them to have better-than-normal lung function, according to a report of New Scientist magazine.
Full-year GDP target of 5.3% to 6.3% achievable
Finance Minister Tengku Zafrul says the country’s growth is on a firmer footing based on higher domestic and external demand among others.
Earnings recovery seen for Genting in 1Q
PETALING JAYA: Going by Genting Singapore Ltd’s results for the first quarter of financial year 2022 (1Q22), the Genting group of companies is poised to see a recovery in earnings following the removal of pandemic-related constraints.
