MANILA, Philippines — The peso rally lost steam yesterday after momentarily breaking the 52 to $1 resistance level as inflation quickened for the seventh straight month to hit a fresh five-year high of 5.7 percent in July from 5.6 percent in June. The local currency lost 15 centavos to close at 53 to $1 from Monday’s 52.85 […]
Read MoreThe Hanoitimes – The Vietnamese banking authority may have to sell more foreign currency if the US dollar keeps appreciating. The State Bank of Vietnam (SBV), the country’s central bank, has sold US$2.5 billion in foreign currency to commercial banks since mid-July and may make further intervention in the time to come, in a bid to […]
Read MoreJAKARTA: Indonesia plans to require all diesel fuel used in the country contain biodiesel starting next month to boost palm oil consumption, slash fuel imports, and narrow a yawning current account gap. While the proposal has been welcomed by the palm oil industry and government, it has raised concerns among the automobile industry the fuel […]
Read MoreThe Hanoitimes – Vietnam is considered as one of the most attractive destinations for mergers and acquisitions (M&A) activities in ASEAN, in which Thai investors are showing a higher appetite than most. It is not a coincidence that 2 out of the recent top 5 M&A deals in the ASEAN region happened to be in Vietnam. […]
Read MoreThailand is becoming an oasis of monetary policy stability as other emerging markets scramble to raise interest rates. The Finance Ministry anticipates that borrowing costs will be left at 1.5% this year, said Kulaya Tantitemit, a spokeswoman and an inspector general at the ministry. While an increase is possible in 2019, it won’t be steep, […]
Read MoreMember states of ASEAN are intensifying efforts to shift towards green growth, according to regional leaders and stakeholders who gathered for a sustainable conference in Singapore last month. Singapore is introducing a carbon tax to tackle greenhouse gas emissions, the Philippines is increasing its tax on imported coal by 15 times to US$3 per tonne, while […]
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