Bank Indonesia is stepping up efforts to increase consumers’ use of the newly established national payment gateway (GPN), according to interbank network provider PT. Artajasa Pembayaran Elektronis. Artajasa business director Anthoni Morris Morris said on Saturday that BI planned to carry out a number of programs in the second half of 2018, including the mass […]
Read MoreSINGAPORE: Malaysia’s new government has called into question the future of multibillion-dollar rail projects since Tun Dr Mahathir Mohamad took power in May. Now it appears to be ready to proceed with at least one. The Malaysian cabinet has given in-principle approval for a rail project linking Johor Baru in the southernmost tip of the […]
Read MoreMANILA, Philippines — Prices of key consumer items rose for a seventh straight month in July, fueling expectations that the Bangko Sentral ng Pilipinas will deliver another rate hike this week. Inflation jumped 5.7 percent last month, higher than June’s 5.2 percent and the fastest pace in over five years. In July last year, inflation was […]
Read MoreMoody’s yesterday warned the recently concluded general elections in Cambodia have raised the risk of international financing and aid agencies withdrawing their support for the country. The Financial Times yesterday quoted Moody’s saying Cambodia’s July 29 election which saw the ruling Cambodian People’s Party under strongman Prime Minister Hun Sen winning all the 125 seats […]
Read MoreProperty investors and condo buyers from overseas are awaiting clarity on Eastern Economic Corridor (EEC) regulations that will allow 100% foreign property ownership, according to a property consultant. Phattarachai Taweewong, senior manager at property consultant Colliers International Thailand’s research department, said the draft EEC act that was approved earlier this year has boosted not only the industrial […]
Read MoreKUALA LUMPUR: Ringgit declined to its lowest level this year on Tuesday as most Asian emerging markets currencies trade weaker amid concerns over an intensifying US-China trade war and following the dollar’s advance overnight. * US$/Ringgit climbs as much as 0.2% to 4.0860, highest since Dec. 27. * Support 4.0413, 4.0267, 4.0083; resistance 4.0883, 4.0920, […]
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Thailand
