Indonesia will receive around US$7 billion in loans from the World Bank, Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) to finance the country’s fights against COVID-19. Bank Indonesia (BI) Governor Perry Warjiyo said on Tuesday that the funds would be used to finance the country’s widening budget deficit of 5.07 percent of […]
Read MoreThe consumer confidence index dropped to 50.3 points in March from 64.8 points in February, said Thanavath Phonvichai, president of the University of the Thai Chamber of Commerce (UTCC). The index has been falling for 13 months, and this is its lowest point in about 21 years, he added. In addition, the economic confidence index […]
Read MoreThe baht on Thursday (April 9) opened at Bt32.72 to the US dollar, strengthening from Wednesday’s close at Bt32.80. The Thai currency would likely move between Bt32.60 and Bt32.80/USD, Jitipol Puksamatanan, head of Markets Strategy at SCB Securities, said. On Wednesday night, the S&P500 increased by 3.4 per cent from numerous good news, such as […]
Read MoreSINGAPORE-BASED investors have been found to value confidence, financial comfort and risk tolerance more than investors in Hong Kong and Taiwan and are least likely to be impulsive with their investments. This is according to a study from Standard Chartered Bank released on Thursday, which compares the behaviour of investors in Singapore, Hong Kong and […]
Read MoreConsumer confidence tumbled to a record low in March, a university survey showed on Thursday, as the coronavirus pandemic hurt economic activity and spending. The consumer confidence index of the University of the Thai Chamber of Commerce plunged to 50.3 in March from 64.8 the previous month, for the lowest reading since the survey began […]
Read MoreThe Jakarta administration has started distributing social aid to those in need to mitigate the hardship of the COVID-19 pandemic ahead of the implementation of large-scale social restrictions (PSBB) in the capital on Friday. Aid distribution began on Thursday in Penjaringan subdistrict, North Jakarta. The aid packages consisted of staple foods, cloth masks and soap. […]
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