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Thailand emerges as unlikely bond-flow magnet

Thailand’s sovereign bonds don’t yield much more than US Treasuries, they cost less to insure than Spanish notes and its currency is more stable than China’s managed yuan. In a sign of how the flood of money into emerging markets is upending conventional wisdom, military-run Thailand with a credit rating just three levels above junk at Moody’s […]

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Bank Indonesia: July’s Retail Sales Decline

TEMPO.CO, Jakarta – A survey conducted by Bank Indonesia (BI) shows that retail sales in July declined as the public consumption returned to normal after Ramadan and Eid al Fitri. The fact is reflected by the real sales index (IPR) that stood at 209.9 in July 2017, declining by 3.3 percent year-on-year. “The declining retail sales occurred in the food and non-food groups,” the central bank (BI) reported yesterday, Sept. 11. On the regional basis, the decline in IPR occurred […]

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