Brunei Darussalam is ranked 66 out of 190 economies with an Ease of Doing Business (EODB) score that has seen a gradual increase from 69.6 (adjusted) in 2019 to 70.1 in 2020, according to this year’s edition of its annual Doing Business report (Doing Business 2020) published by the World Bank. The annual report meas-ures […]
Read MoreSoutheast Asia’s largest e-commerce site, Lazada, aims to improve the region’s logistics and digital payments infrastructure as it prepares for its 11.11 megasale. “We need to address the challenges of Southeast Asia,” said Pierre Poignant, chief executive of Lazada Group. “We have an inefficient logistics industry, a very low penetration for online payments and a […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) could cut the policy rate another 25 basis points before year-end, but the move is not expected to rein in the baht’s rising strength, says Kasikornbank (KBank). “Another possible rate cut this year is not anticipated to mitigate the baht appreciation significantly,” said Kobsidthi Silpachai, head of […]
Read MoreKUALA LUMPUR: The World Bank Doing Business 2020 Report has ranked Malaysia in 12th position amongst 190 economies worldwide, a further improvement from the 15th spot the previous year, says the International Trade and Industry Ministry. Minister Datuk Darell Leiking said the improved ranking was due to the public and private sector members’ collaboration and […]
Read MoreJAKARTA: Indonesia’s central bank cut its key interest rate for a fourth straight month to spur the economy amid a deteriorating outlook for global growth. Bank Indonesia lowered the seven-day reverse repurchase rate by 25 basis points to 5% Thursday, as predicted by 23 out of 30 economists surveyed by Bloomberg. The rest had forecast […]
Read MoreMANILA, Philippines — The rise in consumer prices for the country’s poorest households continued to ease in September primarily due to lower cost of utilities, the Philippine Statistics Authority (PSA) reported yesterday. Inflation for the bottom 30 percent income households at the national level further slowed down to 0.9 percent in September from 2.3 percent […]
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