TEMPO.CO, Jakarta – Today, Rupiah has weakened to Rp14,600 per USD. The head of the National Planning and Development Agency (Bappenas) Bambang Brodjonegoro said it was caused by the investor consolidation due to the exchange rate depreciation of the Turkish currency, Lira. “Indonesia and Turkey are considered as emerging markets, so in these initial stages, there must be some kind of consolidation […]
Read MoreMANILA, Philippines — The power unit of Ayala Corp. has signed engineering, procurement and construction (EPC) contracts and financing documents with the BIM Group of Vietnam for a solar power plant project in Vietnam. In a statement, AC Energy said the partnership with the Vietnamese company will involve the development of the BIM Solar Power […]
Read MoreThe Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) aims to strengthen ties between countries in the Mekong Delta by reducing economic barriers to cooperation. The scheme, to be presented in a forum in Bangkok this weekend, will promote the adoption of multiple-entry visas and establishing a common infrastructure fund, said Sanan Angubolkul, chairman of the ACMECS Business […]
Read MoreGOOGLE THE term ‘vehicle hire purchase’ in relation to Thailand now, and you might come across a bunch of news articles about the New Vehicle Hire Purchase Notification. Particularly, the charging of interest at a flat rate has become a controversial issue. Despite some comments on new articles that the flat rate interest is no […]
Read MoreMANILA, Philippines — The peso pierced the 53 to $1 resistance level yesterday, closing at a new 12-year low as traders braced for widely expected policy rate increase of the US Federal Reserve. The local currency closed 28 centavos lower at 53.23 from Monday’s close of 52.95. This was the weakest level for the peso […]
Read MoreThe Hanoitimes – After gaining tremendous achievements in attracting foreign direct investment (FDI) inflows in the past years, Vietnam now plans to focus only on high-quality FDI projects in a move to optimize the capital source a spillover effect on the domestic sector. FDI inflows in Vietnam has increased by nearly 1,000 percent over the last […]
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