Bank Indonesia’s (BI) policy measures and a narrowing current account deficit (CAD) will likely support the rupiah amid unfavorable financial market conditions, however risks remain as Indonesia continues to record new COVID-19 cases while facing limited healthcare capacity, experts warn. Fitch Solutions has revised it outlook for the rupiah for 2020 to 15,500 per US dollar […]
Read More[BANGKOK] Thailand is returning to its economic roots as a food producer, with overseas demand for rice, seafood, fruit and other edibles bolstering exports even as the Covid-19 pandemic dents production and shipments of manufactured goods. The proportion of food- and agricultural-related exports to total shipments jumped to 19.7 per cent in April, their highest […]
Read MoreThe Bank of Thailand has flagged concerns that a fast rise in the baht may not help the country, noting it stands ready to take action to avert the baht from gaining, adding more pain to the economy. Given the improving coronavirus situation in Thailand and the region, some investors could park their short-term money […]
Read MoreSINGAPORE – Local banks have cut their interest rates on savings accounts amid the coronavirus outbreak this year, with OCBC Bank being the first to announce another reduction since May. OCBC said on its website on Monday (June 1) that it will reduce the salary credit bonus interest for customers on the OCBC 360 savings account from […]
Read MoreMANILA, Philippines — The Department of Agriculture (DA) is seeking a $200-million loan from the World Bank to help boost the local fisheries sector. Agriculture Secretary William Dar said the $200-million Fisheries and Coastal Resiliency project would directly contribute to achieving key outcomes in the country’s food security framework. The project is also integral to […]
Read MoreAFP – Thailand’s parliament approved a near-$60 billion stimulus package, the kingdom’s biggest cash injection, to revive an economy that has been hammered by COVID-19. The 1.9 trillion baht ($59.7 billion) package would be a much-needed boost for Southeast Asia’s second biggest economy, expected to contract by 6-7 percent in 2020. About $17.3 billion of the […]
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