Bank Indonesia said the country’s economic growth could still soar to 5.4 percent despite the ongoing spread of the coronavirus disease 2019 (COVID-19), which is feared to dampen economic activity around the world. The central bank recently cut its economic growth projection for this year to the range of 5 to 5.4 percent from its […]
Read MoreWITH the Covid-19 outbreak dampening tourism and causing supply chain disruptions that threaten factory output, economists expect Vietnam’s government to roll out a targeted fiscal package as early as March. Although Vietnam’s industrial production rose 23.7 per cent in February, the rebound was mostly due to the base effect of the Tet holiday, which was […]
Read MoreHeadline inflation in Indonesia rose to 2.98 percent in February from 2.68 percent in January, driven by higher prices of garlic and cayenne, among other commodities. “The highest inflation was recorded in the food, beverages and tobacco [category], especially garlic, cayenne and meat,” Statistics Indonesia (BPS) head of statistics distribution and services Yunita Rusanti told […]
Read MoreThe Bank of Thailand has eased some foreign-exchange rules as part of a previously announced plan to temper the strength of the baht. The threshold for proceeds that do not need to be repatriated rises to US$1 million from the current $200,000, effective from March 2, the central bank said in a statement on Friday. […]
Read MoreKUALA LUMPUR: The ringgit opened slightly higher against the US dollar amid growing expectations that Bank Negara Malaysia (BNM) and the US Federal Reserve would cut interest rates soon. The local note stood at 4.2100/2150 against the greenback from 4.2120/2180 recorded at 6 pm Friday. AxiCorp chief market strategist Stephen Innes said BNM could cut […]
Read MoreThe government plans to improve border checkpoint infrastructure and promote Single Window Services with Vietnam and Thailand in a bid to boost trade among the Asean nations. The Ministry of Economy and Finance’s Economic and Financial Policy Committee, chaired by Economic Minister Aun Pornmoniroth, made the announcement during the meeting over Single Window Services between […]
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