JAKARTA • Indonesia’s central bank, Bank Indonesia (BI), kept its benchmark interest rate unchanged at its first meeting this year with policymakers remaining on guard against the risk of capital outflows. Governor Agus Martowardojo and his board held the seven-day reverse repurchase rate at 4.75 per cent yesterday, as forecast by economists. The prospect of […]
Read MoreCambodia is looking to implement cross-border paperless trade once the country’s e-commerce law is fully adopted and implemented, the Commerce Ministry said. During a workshop jointly organized by the ministry and the United Nations Economic and Social Commission for Asia-Pacific (UNESCAP), the ministry’s under-secretary of state Sok Sopheak said that implementing the framework for cross-border […]
Read MoreKUALA LUMPUR • Malaysia’s central bank kept its benchmark interest rate unchanged for a third straight meeting to help bolster the currency as policymakers in emerging economies gird themselves for tighter United States monetary policy. Bank Negara Malaysia held its key rate at 3 per cent, it said in a statement yesterday. The ringgit has […]
Read MoreBank of America Corp.’s chairman of its Chinese business will urge more US companies to seek investment opportunities in Cambodia under the umbrella of China’s “One Belt, One Road” socio-economic initiative. According to Prime Minister Hun Sen’s Facebook post, Margaret Ren met with him at the sidelines of the World Economic Forum in the Swiss […]
Read MoreKasikornbank’s (KBank) unaudited fourth-quarter net profit rose 86% year-on-year to 10.2 billion baht mainly because of lower loan-loss provisions, higher net interest income and rising non-interest income. The bank delivered a 5.3% year-on-year increase to its net interest income, rising to 23 billion baht in the three months to December, and a 4.8% year-on-year lift […]
Read MoreKUALA LUMPUR: Higher food prices pushed December’s inflation rate up 1.8% from a year ago but the increase was slightly lower than a Bloomberg survey of a 1.9% rise. The Statistics Department said the overall index for the Consumer Price Index (CPI) increased by 1.8% to 116.9 in December 2016 from 114.8 a year ago. […]
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Thailand
