The rupiah strengthened to Rp 13,904 per US dollar at 12:53 p.m. on Friday, having strengthened 0.40 percent from the previous day, according to Bloomberg. Meanwhile, according to the Jakarta Interbank Spot Dollar Rate (JISDOR), the rupiah exchange rate stood at Rp 13,913 per dollar on Friday. The rupiah’s appreciation follows Bank Indonesia’s decision to cut […]
Read MoreFinance Minister Uttama Savanayana plans to propose policies targeting the grassroots economy, including expanding the benefits under the welfare card scheme and promoting e-commerce in the agricultural sector. Members of the Palang Pracharat Party, the largest in the governing coalition, congratulated Uttama on his position as the new finance minister on Friday. With the government’s […]
Read MoreWhile investors tend to withdraw capital from emerging markets and frontier markets, Vietnam is still the destination of foreign investors with foreign indirect investment (FII) in the first half of this year reaching $1.28 billion. According to State Securities Commission (SSC) chairman Tran Van Dung, from 2016 to last year, foreign investors have continuously been […]
Read MoreHigh levels of childhood malnutrition present a staggering, yet avoidable, loss of human and economic potential for Laos, according to the World Bank. Nationally, stunting affects over one third of all Lao children under the age of five, the Bank said in a brief on its website titled “Multi-Sector Convergence Approach to Reducing Malnutrition in […]
Read MoreThailand’s GDP is set to grow by less than 4% this year and next after the first-quarter growth downturn and the sharp export slowdown provided a backdrop of subdued momentum going forward, says the Asian Development Bank (ADB). “The growth forecast for 2019 is downgraded to 3.5% to reflect the lower growth outcome in the […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) has trimmed anew its growth forecast for the Philippines this year due to the dismal economic output in the first quarter. In a supplement to its Asian Development Outlook for this year, the Manila-based multilateral bank lowered its economic growth forecast for the Philippines to 6.2 percent […]
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Thailand
