JAKARTA: Indonesia’s central bank kept interest rates steady on Tuesday, holding fire for a third straight meeting to avoid adding pressure to a falling rupiah but reiterated its pledge to use quantitative easing measures to support the economy. Bank Indonesia (BI) kept the 7-day reverse repurchase rate at 4.00%, as expected in a Reuters poll, […]
Read MorePETALING JAYA: The uptrend in the crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued for the seventh consecutive day yesterday, backed by positive market sentiment. A dealer said the recent export figures helped boost investor sentiment amid better economic data from China, one of the world’s largest palm oil consumer. Earlier today, […]
Read MoreKUALA LUMPUR: The top 10% of households (T10) commanded 30.7% of total income in 2019, while the income share of the bottom 20% of households (B20) was only 5.9%, according to a Khazanah Research Institute (KRI) report. The report, titled “Welfare in Malaysia Across Three Decades, ” also noted the wide variation of savings from […]
Read MoreMANILA, Philippines — The “Great Lockdown” from March may have already eased, but is not loosened enough to put the brakes on the Philippine economy’s fall this year. Even with most of the economy already reopened, the existence of some form of movement restrictions to fight the deadly coronavirus would force the economy to contract faster […]
Read MoreKUALA LUMPUR: The country’s unemployment rate remained at 4.7 per cent in August 2020, the Department of Statistics Malaysia (DOSM) announced on Tuesday. The number of those unemployed, however, decreased marginally by 3,500 persons to 741,600 during the month compared to July, it said in the latest labour force statistics report. Chief statistician Datuk Seri […]
Read MoreThe cabinet on Monday approved a tax rebate scheme allowing people to deduct up to 30,000 baht spent on certain goods and services in an effort to stimulate the economy. Government spokesman Anucha Burapachaisri said the “shop dee mee khuen” project would run from Oct 23 to Dec 31 and would inject about 110 billion […]
Read More
Thailand
