Bank Indonesia (BI) is predicting that weakening economic activities, especially involving tourism, exports and imports, would drag down the country’s economic growth to 4.9 percent in the first quarter before picking up again in the following months. BI Governor Perry Warjiyo said on Wednesday the coronavirus had hurt export-import businesses and tourism-related industries in February, adding […]
Read MoreThe Bank of Thailand (BoT) said on Wednesday it was closely monitoring the situation and will act as appropriate following an emergency interest rate cut by the Federal Reserve. However, the central bank said in a statement it had already taken action, cutting the policy rate on Feb 5 to alleviate the negative impact of […]
Read MoreFROM May 1, the monthly minimum salary for the Employment Pass (EP) will rise from S$3,600 to S$3,900 to keep up with the improving pay of fresh graduates from local autonomous universities. Explaining the regular update of the EP salary criteria, Manpower Minister Josephine Teo said on Tuesday the criteria “take reference from salaries of […]
Read MoreSiam Commercial Bank (SCB) plans to open its first branch in Myanmar this year if the Central Bank of Myanmar (CBM) grants a bank subsidiary licence, says a SCB senior official. If approved, SCB will upgrade the existing representative office to a branch, said first executive vice-president Kamalkant Agarwal. The bank needs time to develop […]
Read MoreJAKARTA: The Indonesian government will soon announce a second policy package aimed at reducing trade barriers as supply chains have been disrupted by the spread of the new coronavirus, a senior official said on Tuesday. The measures would follow the government’s unveiling of a 10.3 trillion rupiah ($720 million) stimulus package last week to support […]
Read MoreShoppers in Greater Bangkok are quickly emptying supermarket shelves of long-lasting items like instant noodles, packed rice, tissue paper, tinned fish and drinking water as fears mount over the coronavirus epidemic. Large retail operators including Tops Supermarket, Tesco Lotus, The Mall Group and Big C Supercenter acknowledged that these items have been snapped up quickly […]
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