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Indonesia: Bank Negara may lower key interest rate in July

PETALING JAYA: The country’s key interest rate could be cut in the next four months, considering Bank Negara’s more cautious tone on the Malaysian economy recently, says AmBank Research. The research firm said in a note it expected the central bank’s Monetary Policy Committee (MPC) to slash the benchmark overnight policy rate (OPR) by 25 […]

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Grab secures $1.46b; pledges to deepen presence in Indonesia

Grab, a ride-hailing decacorn, secured US$1.46 billion from Japanese venture capital firm SoftBank Vision Fund as part of its ongoing Series H funding round, bringing the total funds raised to $4.5 billion. The bulk of the Series H would be invested in Indonesia, which is Grab’s largest market, said the company in a press statement released on Wednesday. “Our […]

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Thailand: Baht volatility could mean outlook revisions

Business operators are likely to revise GDP and export projections next month amid concern over the baht’s volatility and pressure on shipments.  Supant Mongkolsuthree, chairman of the Federation of Thai Industries (FTI), said the baht’s movement has been weak over the past two weeks with a 2.4% drop.  “Before that, the currency appreciated a great […]

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