Indonesia’s annual inflation rate rose in August to its highest level since December 2017, but it remained within the government’s target. Statistics Indonesia (BPS) announced on Monday that the Consumer Price Index (CPI) rose by 3.49 percent in August, up from the figure recorded in the same month last year and higher than the year-on-year […]
Read MoreSINGAPORE — A Singapore startup recently raised $6 million to keep Singapore and perhaps other Asian nations from falling prey to the global cashless payments steamroller. soCash is also out to make ATMs unnecessary. Its app allows users to make bank account withdrawals at shops, cafes and grocery stores. The company claims receiving money from merchants […]
Read MoreThailand’s annual headline consumer price index (CPI) rose 0.52% in August from a year earlier, below a Reuters poll forecast of a 0.85% increase and July’s 0.98% rise, commerce ministry data showed on Monday. August headline inflation was the lowest level since January and stayed below the central bank’s 1%-4% target range for a third […]
Read MoreThe Indonesian currency gained slightly against the US dollar on Monday despite a decline in share prices in regional markets amid fears of an escalation in the trade war between the United States and China. The rupiah was trading at a Jakarta Interbank Spot Dollar Rate of 14,190 per US dollar on Monday afternoon, up […]
Read More[JAKARTA] Indonesia will effectively stop nickel ore exports from Jan. 1, 2020, Bambang Gatot Ariyono, the mining ministry’s director general for coal and minerals, said on Monday, as the country moves ahead with efforts to process more of resources at home. The ban will be two years ahead of the initial schedule and will only […]
Read MoreHONG KONG: Manufacturing sentiment across Asia remained in the doldrums during August as the escalating US-China trade war continues to hammer sentiment. Purchasing manager indexes (PMI) for Japan, South Korea and Taiwan remained in negative territory. Japan’s Jibun Bank and IHS Markit Purchasing Managers’ Index fell to 49.3 from 49.4 in July, the eighth consecutive […]
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