Indonesia’s foreign exchange reserve slightly fell to US$124.3 billion in September after hitting a 17-months high of $126.4 billion in the previous month, Bank Indonesia (BI) announced on Monday. The decline was mainly driven by payments of the government’s external debt as well as reduced deposits of banks’ foreign exchange in the central bank’s account, […]
Read More[SINGAPORE] Amazon.com Inc has launched a bigger local store and marketplace in Singapore, expanding its product selection and intensifying competition with rivals such as Alibaba Group Holding Ltd’s Lazada and Sea Ltd’s Shopee. The US company launched local online shopping in the wealthy South-east Asian city-state more than two years ago with its fast delivery […]
Read MoreTHAILAND’S office landlords have seen strong growth in the co-working market, with “manageable exposure” to struggling operator WeWork, according to a recent report from DBS analyst Chanpen Sirithanarattanakul. This is even as the management reshuffle and failed listing at WeWork sparked concern about global landlords’ exposure to the troubled co-working operator – including in Singapore […]
Read MoreMANILA, Philippines — The government is being urged to immediately pass measures aimed at aiding farmers amid plunging prices of palay (unhusked rice) following the liberalization of the rice industry. Research and advocacy group Action for Economic Reforms (AER) called on President Duterte to order both chambers of Congress to postpone their month-long recess and […]
Read MoreReal estate and other property experts are calling for more investments in Cambodia’s hospitality sector, warehousing and factory renting services because of high demand but in short supply. Sear Rithy, chairman of WorldBridge Group and a prominent property developer, said many investors are flocking to the real estate sector at the expense of hospitality and […]
Read MoreThai commercial banks were rated fully compliant by the Financial Sector Assessment Programme (FSAP), jointly conducted by the World Bank and the IMF, but the multilateral lenders pointed out that household debt, specialised financial institutions (SFIs) and cooperatives still need to improve. Under FSAP’s Basel Core Principles for Effective Banking Supervision (BCP) for 2018-19, Thai […]
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