Indonesia is planning a slew of incentives for electric-car manufacturers and drivers, to help bolster a sector that has already lured investment from Toyota Motor Corp and SoftBank Group Corp, according to a draft government strategy seen by Bloomberg. The measures are aimed at accelerating the adoption of battery-powered cars in Indonesia and building a […]
Read MoreDrought threatens to exacerbate a sharp slowdown in economic growth and intensify pressure on the Bank of Thailand to loosen monetary policy. The dry conditions are the worst in a decade, and farming heartlands in the Northeast are among the hardest hit, according to the Meteorological Department. “The main impact if drought intensifies or lasts […]
Read More[JAKARTA] Indonesia’s annual inflation rate accelerated slightly in July, against market expectation for it to ease, but stayed within the central bank’s target range, data from the statistics bureau showed on Thursday. July’s inflation rate was 3.32 per cent on-year, the bureau said, compared with the 3.27 per cent expected in a Reuters poll. The […]
Read MoreKEY POINTS Since the beginning of this year, Thailand’s currency has jumped more than 5% against the dollar. On a year-over-year basis, it has bounded even higher — nearly 8%. ”(The) strong currency is worsening the (Thai) economy’s plight by hurting exports further,” Prakash Sakpal, Asia economist at Dutch bank ING, tells CNBC. The country’s […]
Read MoreSingaporeans are enjoying higher standards of living across all levels of income and types of housing, according to a government survey. For example, more households now own air-conditioners and have access to the Internet, even among those living in one-room and two-room Housing Board flats. The average rate of air-conditioner ownership across all households was […]
Read MorePETALING JAYA: Malaysia’s Production Price Index (PPI) declined by 1.8% year-on-year (yoy) in June 2019, led by agriculture, forestry & fishing (-9.2%), mining (-6.4%), water supply (- 1.8%) and manufacturing (-0.8%). “Meanwhile, the index of electricity & gas supply edged up by 1.8%,” said Statistics Department chief statistician Datuk Seri Dr Mohd Uzir Mahidin in a […]
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