Bank Indonesia (BI) decided on Thursday to cut its benchmark interest rate to help mitigate the potential impacts of the coronavirus outbreak on the country’s economic growth. During a two-day board of governors meeting, the central bank decided to slash its benchmark interest rate, the BI seven-day reverse repo rate, by 25 basis points to […]
Read MoreThe government expects public investment spending of more than 400 billion baht in the second quarter to help the flagging economy weather the impact of the coronavirus outbreak, Finance Minister Uttama Savanayana said on Thursday. Even before the epidemic that originated in China, the trade-reliant economy has been under pressure, buffeted by the Sino-US trade […]
Read MoreANZ has become the latest bank to downgrade Singapore’s 2020 economic forecast, no thanks to the impact of the Covid-19 outbreak that has spread across the globe. Gross domestic product (GDP) growth could be just 0.4 per cent, according to Khoon Goh, ANZ’s head of Asia research, against his earlier projection of 1.5 per cent. […]
Read MorePresident Joko “Jokowi” Widodo has said investment is the key to accelerating economic growth amid a slowing global economy. As the global economy is expected to continue growing at snail’s pace this year, Jokowi said investment would be the only thing that could improve the country’s economic growth. “There’s no way we can boost exports because […]
Read MoreThe Hanoitimes – It is unclear whether the GIC-led consortium has fully withdrawn from VCM or transferred its stake to other investors. The respective amounts of holding of Singapore’s sovereign wealth fund GIC and Credit Suisse Singapore Branch at VCM Services and Trading Development Company (VCM), the operator of the Vinmart chain, have been reported at […]
Read MoreThe Hanoitimes – At a price of VND 48,000 (US$2.07) per share, Masan valued the company at US$46 million and price to earnings (P/E) multiple of 13x. Masan Consumer Corporation has announced that Masan HPC, its established home and personal care subsidiary, has completed the acquisition of 52% stake of local Net Detergent (Netco), local media […]
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Thailand
