th04
Read More

Thailand: Reopening to foreigners ‘not risky’

Reopening the country to foreign visitors will not raise the risks of local Covid-19 transmission from imported infections, according to the Department of Disease Control (DDC). Responding to the cabinet’s resolution to allow long-stay foreign tourists to enter Thailand, Tanarak Plipat, deputy director-general of the DDC, insisted the move would likely not bring in Covid-19 […]

Read More
phil04
Read More

Philippines: Peso soars to near 4-year high anew

MANILA, Philippines — There is no stopping the peso from gaining more strength despite a pandemic-induced recession. The local currency on Wednesday appreciated by one centavo from previous day to close at P48.39 to a dollar. While the peso barely strengthened on a daily basis, the movement was enough for the local currency to notch its […]

Read More
indo01
Read More

Indonesia plans to inject $2.5b into SOEs next year to stimulate economy, resolve Jiwasraya scandal

The government has proposed providing Rp 37.38 trillion (US$2.5 billion) in capital injections for state-owned enterprises (SOEs) next year, some of which will be used to resolve the investment mismanagement scandal involving state insurer PT Asuransi Jiwasraya. During a meeting with House Commission XI overseeing financial affairs on Tuesday, Finance Minister Sri Mulyani Indrawati said […]

Read More
malay03
Read More

Malaysia: Ringgit heads for a strong finish

PETALING JAYA: The ringgit is heading for a strong close against most major currencies at the end of the third quarter, with the local economy showing resilience amidst the pandemic that is continuing to wreak havoc on many countries. On Tuesday, the ringgit was at a seven-month high against the US dollar at 4.133 The […]

Read More