MANILA, Philippines — The Philippines is likely to register a higher dollar surplus this year, but this is not all good news as doing so also meant demand that drives outflows would remain tepid and the economy weak. Overseas remittances would drop slower and so do foreign investments, which in turn meant more dollars would enter […]
Read MoreThe Bank of Thailand plans to further ease overseas investment rules by early next year, allowing more capital outflow, to temper gains in the export-reliant baht currency. The BoT will increase the limit on foreign currency deposits and allow money transfers between foreign currency deposits held by individuals and companies, deputy governor Mathee Supapongse told […]
Read MoreIndividuals will no longer be allowed to invest in real estate abroad if a new draft decree issued by the Ministry of Planning and Investment is approved. Enterprises founded under the provisions of the Law on Enterprise would be exempt from the ruling. The regulation aimed at preventing individuals from investing in real estate in […]
Read MoreSingapore’s coronavirus-hit economy shrank at a slower pace in the third quarter as restrictions were eased, official data showed Wednesday, but the trade-reliant city-state still faces a long road to recovery. The financial hub plunged into its first recession since the 2008 global financial crisis in the second quarter when the government closed businesses as […]
Read MoreJAKARTA: 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, […]
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