TEMPO.CO, Jakarta – Analysts project the rupiah exchange rate to strengthen again this week, supported by positive domestic news. “It is estimated that the rupiah will be in the support range of Rp13,595 and a resistance level of Rp13,448 per US dollar,” Binaartha Securitas analyst Reza Priyambada said in Jakarta, Sunday, 8 October. The rupiah appreciation is […]
Read MoreHCM CITY — With its rapidly growing economy and 95 million population of whom 60 per cent are young consumers, Vietnam is an attractive destination for global franchising and retail businesses. Speaking at a meeting in HCM City yesterday to introduce the 2018 Shop & Store Vietnam Expo, Suttisak Wilanan, deputy managing director of Reed Tradex, said many franchises in the […]
Read MoreMANILA, Philippines — Barcelona-based think thank Focus Economics said the pace of the country’s economic expansion moderated as consumers have grown more cautious in the third quarter. Focus Economics said the gross domestic product (GDP) growth of the Philippines likely moderated in the third quarter. “Household spending, the main engine of growth, continues to expand […]
Read MoreLaos and the Republic of Indonesia are discussing a direct flight between the two countries aiming to boost economic development, investment and trade as well as the inflow of visitors. The two sides have agreed to operate a direct flight but the details and possible start date have not been confirmed. A source from the […]
Read MoreKUALA LUMPUR: The ringgit extended yesterday’s gain to open higher against the US dollar today on continued demand for the emerging currencies, including the local note, as investors remained concerned over the possibility of US interest rate increase moving forward, dealers said. At 9.25 am, the local unit was quoted at 4.2240/2270 against the US […]
Read MoreEnergy firms with permission to conduct offshore oil and gas exploration activities in Myanmar will have their contracts cancelled next year if they do not progress from the initial study period to actual exploration, said U Aung Kyaw Htoo, Assistant Secretary from the Ministry of Electricity and Energy. The contracts will be rescinded if these […]
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Thailand
