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Thailand: New firms rise by 8% in September

The number of new businesses registered with the Commerce Ministry rose 8% in September, signalling the economy is continuing to recover, says the Business Development Department. Director-general Kulanee Issadisai said the number of new companies and partnership companies registered with the department was 6,532 last month, up 8% from the same period last year. The […]

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Indonesia: BI Issues Local Currency Settlement Rule

TEMPO.CO, Jakarta – Bank Indonesia (BI) has issued a regulation on the settlement of bilateral trade transactions using local currency settlement (LCS), such as rupiah. BI communication director Arbonas Hutabarat said via the central bank’s website that the regulation aims to support the rupiah stability by reducing dependence on the US dollar when settling bilateral trade transactions. […]

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Malaysian palm oil prices make further gains on higher crude oil, stronger exports

KUALA LUMPUR: Malaysian palm oil futures extended gains on Monday evening, recording a fourth straight day of wins tracking higher crude oil prices and stronger export data from cargo surveyors. The benchmark palm oil contract price for January delivery on the Bursa Malaysia Derivatives Exchange was up 0.2 percent at 2,762 ringgit ($655.20) a tonne at the close of trade. It […]

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Philippines looking at future with cautious optimism — BSP

MANILA, Philippines — The Philippines is looking at the future with cautious optimism as the economic landscape has altered considerably a decade after the global financial crisis, Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. said yesterday. Espenilla said during the 2017 Annual Meetings of the International Monetary Fund and the World Bank the world […]

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