GROWTH in Asia and the Pacific’s developing economies for 2018 and 2019 will remain solid as growth continues apace across the region, despite rising tensions between the United States and some of its trading partners, says a new Asian Development Bank (ADB) report. In a supplement to its Asian Development Outlook (ADO) 2018 report released […]
Read MoreBank Indonesia (BI) decided to hold its key rate in July as it remained confident that the current rate is still attractive to foreign investors amid uncertainties in the global liquidity market. Following a two-day board of governors meeting, the central bank announced that the BI seven-day reverse repo rate was maintained at 5.25 percent, […]
Read MoreFINANCE MINISTER Apisak Tantivorawong says the government is planning key policy actions in the second half of the year, ranging from fiscal expansion to debt restructuring for farmers, to further boost the economy and the country’s competitiveness. Delivering his keynote speech at a seminar on “Direction of the SET Index in the second half 2018” […]
Read MoreMANILA, Philippines — Standard Chartered Bank said inflation may peak at 5.8 percent in August, prompting the Bangko Sentral ng Pilipinas (BSP) to hike rates for the third time this year next month. Chidu Narayanan, economist for Asia at Standard Chartered Bank, said inflation is expected to edge up further in the third quarter and […]
Read MoreThe US dollar yesterday surged to a high of K1425, buoyed by the Federal Reserve’s hawkish guidance and tension on trade between the world’s largest economies. The Central Bank of Myanmar set its reference rate at a record high of K1415 to the dollar. While the dearer exchange rate will likely have an impact on […]
Read MoreKUALA LUMPUR: All states that produce oil will receive 20% of profit from the resource, Prime Minister Tun Dr Mahathir Mohamad speaks in parliament. * Note: Campaign manifesto includes pledge to give 20% royalty to oil-producing Sabah and Sarawak states * Government’s priority is on cleaning out damage from corruption and efforts to recover missing […]
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Thailand
