KUALA LUMPUR: AirAsia Bhd has unveiled its fifth route into Vietnam yesterday, as the low-cost carrier launched its direct flight from Kuala Lumpur to Phu Quoc, Vietnam. The four weekly flights will commence on November 2. Phu Quoc marks AirAsia’s 59th unique route, apart from its existing destinations in Vietnam namely, Ho Chi Minh City, Da Nang, […]
Read MoreMANILA, 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 Bank of Thailand has instructed all banks to make cybersecurity a priority, develop systems to tackle unauthorised access and offer compensation in the event of financial losses from a data breach. The central bank recently summoned board members of all banks to discuss the recent cyber-attack and requested that they draft important policies to protect […]
Read MoreAs President Joko “Jokowi” Widodo is running for a second term in 2019, he may be pinning his hopes on Indonesia’s consumers, who have become the country’s engine for economic growth in the second quarter this year. The country’s gross domestic product (GDP) expanded by 5.27 percent year-on-year (yoy) during the second quarter of 2018, […]
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