Bank Indonesia (BI) and the People’s Bank of China (PBOC) signed on Wednesday a memorandum of understanding (MoU) to establish a framework promoting the use of local currencies for trade and direct investment. With the local currency settlement (LCS) agreement signed by BI Governor Perry Warjiyo and PBOC Governor Yi Gang, both central banks agreed […]
Read MoreThe country’s headline inflation could have slowed to 1.8 percent or accelerated to 2.6 percent last month on lower rice, oil and energy prices and a stronger peso, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday. In a statement, the central bank said the projection provided by its Department of Economic Research compared with […]
Read MoreKUALA LUMPUR: Malaysia’s economic activity outcome for the third quarter (Q3) is expected to improve, given the government’s various stimulus packages to support overall economic growth, said the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Mohd Uzir Mahidin said the economic recovery has begun with the reactivation of economic activities and was reflected […]
Read MoreThailand’s GDP contraction is expected to be less severe because of the resumption of economic activity, but the government should be more assertive in shoring up public and private consumption to compensate depressed exports and tourism, says JP Morgan Thailand. The full-year economic contraction has been upgraded to -3% from -9%, as the easing of […]
Read MoreNo forecast made so far on Cambodia’s economic growth this year has showed a positive rate, but “World Bank’s October 2020 Economic Update for East Asia and the Pacific” predicted a better rate than other financial institutions. According to the World Bank, on a positive note, the World Bank said Cambodia’s domestic demand had been […]
Read MoreMANILA, Philippines — Fitch Ratings now expects a deeper economic contraction of eight percent for the Philippines amid the rampaging COVID-19 pandemic. “The continued spread of COVID-19 in the Philippines has necessitated renewed lockdown measures in and around the capital of Manila, which are likely to depress economic growth by much more than Fitch Ratings […]
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Thailand
