MANILA, Philippines – The national government incurred a fiscal deficit of P50.51 billion in July almost unchanged from the P50.67 billion recorded in the same month in 2016, the Bureau of the Treasury (BTr) reported yesterday. This brought the seven month deficit to P205 billion, up 20 percent from the P171 billion posted the same […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) Governor Agus D.W. Martowardojo hopes that the government spending will become the primary stimulus to stimulate the national economic growth. “The government spending includes those related to infrastructure projects and targeted non-energy subsidies,” Agus said at the BI Complex in Jakarta today, August 24. According to Agus, the government will have to continue […]
Read MoreTEMPO.CO, Jakarta – The rupiah was trading stronger by 5 points to Rp13,354 per US dollar in Jakarta inter-bank market this morning. Binaartha Sekuritas Reza Priyambada in Jakarta said that the rupiah’s gain was relatively maintained following sustained inflow of foreign capital, allowing continued supply of foreign exchange. “The policy to cut BI 7-day reverse repo rate was perceived […]
Read MoreThe Organisation for Economic Cooperation and Development (OECD) has agreed to lend a hand to the Thai government in undertaking the country’s comprehensive reforms. Deputy Prime Minister Somkid Jatusripitak said the cabinet on Tuesday approved a plan for Thailand to implement the country programme (CP) and authorised Prime Minister’s Office Minister Suvit Maesincee to sign […]
Read MoreThe Commerce Ministry looks set to revise its full-year export growth target to 6-6.5% from 5% after Thai exports rose at a double-digit pace for the fifth straight month in July. Encouraging economic data showed exports climbing 10.5% to US$18.9 billion (630.5 billion baht), shrugging off the strengthening local currency as demand for Thai goods […]
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Thailand
