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Bank Indonesia to Keep Current Account Deficit Below 3 Percent

TEMPO.CO, Jakarta – Bank Indonesia said it is confident it would be able to keep the country`scurrent account deficit below 3 percent by the end of this year. By the end of the first half of the year the current account deficit already reached 2.6 percent of the country`s Gross Domestic Product (GDP). “Until the end of the year we are confident the deficit could be kept below 3 percent,” Executive Director of Statistic Department of the Central Bank Yati Kurniati told reporters on Friday. […]

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Thailand: Ingredients for e-commerce growth

When it comes to readiness for business-to-consumer (B2C) e-commerce, Thailand is in the middle of the pack worldwide, according to a 2015 study by the UN Conference on Trade and Development (Unctad). It ranked the country 70th among 130 countries surveyed, compared with 45th for Malaysia and 8th for South Korea.  The Unctad survey focused on […]

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Iran offers discount oil to Asia

Iran is selling oil and gas at a discount to Asian customers as it prepares for the return of US sanctions, state news agency IRNA reported on Monday.  The “informed source” in Iran’s oil ministry did not give details of the discount, but sought to downplay the move as common industry practice.  “Discount is part […]

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Foreign investments still pouring into the Philippines

(Philippine Daily Inquirer/ANN): Foreign direct investments (FDI) continued to surge into the Philippines for the January-May 2018 period, with registered net inflows hitting $4.8 billion, or a growth of 49 per cent from the comparable period in 2017, the Bangko Sentral ng Pilipinas (BSP) said. In a statement, the central bank said investment inflows were boosted […]

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Moody’s upgrades ratings for Vietnam

(Viet Nam News/ANN): As Vietnam continues to move up the value chain and the contribution of the private sector to total value-added grows, Moody’s expects productivity growth to drive the economy’s growth potential. Moody’s Investors Service on Friday upgraded the Government of Vietnam’s long-term issuer and senior unsecured ratings to Ba3 from B1 and changed the […]

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