KUALA LUMPUR: Bank Negara Malaysia’s international reserves amounted to US$101.5bil (RM429bil) as at Nov 15, unchanged from the amount recorded on Oct 31. “The reserves position is sufficient to finance 7.5 months of retained imports and is 1.1 times the short-term external debt,” BNM said in statement. The main components of the international reserves were […]
Read MorePHNOM PENH: Cambodia’s economy is forecast to grow 6.9% next year, compared with a projected 6.8% pace in 2017, despite risks including uncertainties over next year’s election, the World Bank said on Wednesday. Cambodia’s political turbulence has had little impact on economic growth, which has hovered around 7% for the past six years. The World […]
Read MoreKUALA LUMPUR: Malaysia has begun work on a regulatory structure for digital currencies such as bitcoin, its central bank governor said on Wednesday. The framework is aimed at further securing Malaysia against money-laundering and terrorism financing. Bank governor Muhammad Ibrahim told a counter-terrorism financing summit that from next year those converting crypto currencies into conventional […]
Read MoreTEMPO.CO, Jakarta – President Joko Widodo (Jokowi) has called on the World Bank to give its outlook on the Indonesian economy amid the fast dynamic developments in the global economy. “We have urged them to explain what the Indonesian economic outlook will look like and what its shortcomings are,” he remarked following a meeting with World Bank […]
Read MoreStart-ups facing difficulties obtaining access to capital have been able to use their vehicles as collaterals under a scheme initiated by Best Merchant Finance (BMF), a financial assistance firm offering small loan services in Yangon. Since the scheme was introduced at the start of this year, BMF has amassed a total of 500 customers and […]
Read MoreExports in October rose 13.1% on an annual basis, raising hopes of ending out 2017 with growth of more than 8%, the highest in six years. Exports last month were worth US$20.08 billion, against imports of $19.868, an increase of 13.5% year-on-year, for a trade surplus of $214.4 million in October. Pimchanok Vonkorpon, the director-general […]
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Thailand
