Myanmar had outstanding foreign debt of US$10.2 billion and local debt of K20.725 trillion at the end of 2018, an increase from the year before, according to a report by the Union Office of the Auditor General. The report was submitted to the Pyidaungsu Hluttaw (Assembly of the Union) on Wednesday. Auditor General U Maw Than […]
Read MoreThailand this week proposed connecting one of its ports to Sihanoukville’s deep-water port in a bid to boost trade between the countries. For in depth analysis of Cambodian Business, visit Capital Cambodia On Tuesday, a delegation from Thailand’s eastern economic corridor met with Cambodian authorities to discuss linking the infrastructures of Laem Chabang Port, in Thailand’s […]
Read MoreThe Thai Chamber of Commerce (TCC) has urged the Bank of Thailand to further ease monetary policy as a means to rein in the baht, while the Federation of Thai Industries (FTI) requested the central bank launch mid and long-term measures to stabilise the currency’s movement. Apart from cutting the benchmark rate, managing offshore fund […]
Read More[JAKARTA] Indonesia’s central bank may be able to cut its benchmark interest rate again if financial markets stabilise, a senior bank official said on Thursday, adding that recent turbulence due to fears of a currency war should be temporary. “If we look at the turmoil in the past two days, the rupiah is already improving […]
Read MoreBENGALURU: Rice export prices in Thailand rose this week on worries that the country’s worst drought in about a decade could further squeeze supply, while Vietnam explored potential deals in the south American market. Thailand’s benchmark 5-percent broken rice prices rose to US$406-$425 a tonne on Thursday from $395-$405 quoted last week. “Harvesting has started […]
Read MoreSINGAPORE: Singapore’s economy is expected to have contracted almost 3% in the second quarter, a slight improvement from advance estimates but reaffirming the risk of a possible recession as the trade and manufacturing sectors struggle. Final gross domestic product is forecast to have fallen 2.9% on a seasonally adjusted and annualised quarter-on-quarter basis, a Reuters […]
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