Indonesia’s foreign exchange (forex) reserves dropped by US$1.8 billion in September to $135.2 billion, mainly due to the government’s foreign debt payments and the central bank’s efforts to stabilize the rupiah, Bank Indonesia (BI) announced on Wednesday. The current reserves level is estimated to be sufficient to support 9.1 months of imports and payment of […]
Read MoreRUBBER time is an old reference that Malaysian used for a laid-back attitude, but when it actually involves rubber, it is not a concept the industry can afford to enjoy. To keep up with the rapid evolution of technology, rubber industry players must now be nimble and embrace change ¬– an ethos that the Malaysian […]
Read MoreThe Hanoitimes – Vietnam’s aviation authority would give permission for airlines to resume flight routes to six major markets namely South Korea, China, Japan, Taiwan, Laos and Cambodia. Vietnam’s Ministry of Transport (MoT) is consulting with authorities of Hanoi and Ho Chi Minh City before issuing licenses for airlines operating regular commercial flights internationally. Based on […]
Read MoreThe Centre for Economic Situation Administration (Cesa) on Wednesday approved a proposal to offer taxpayers income tax deductions of up to 30,000 baht for purchasing products and services with a 7% value-added tax (VAT), in another bid to boost domestic consumption. Effective from Oct 23 until Dec 31, the tax deduction offer will apply to […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) is urging policy makers in Southeast Asia to tap into green financing to raise funds for projects that will help economies recover. A new report by the Manila-based multilateral agency, “Green Finance Strategies for Post-COVID-19 Economic Recovery in Southeast Asia,” said innovative financing can help catalyze the […]
Read MoreIndonesia’s state miner Mining Industry Indonesia (MIND ID), formerly known as PT Inalum, completed its purchase of a 20 percent stake in nickel miner PT Vale Indonesia, the country’s state- owned enterprises ministry said on Thursday. MIND ID bought the 20 percent stake at Rp 2,780 per share, totaling to Rp 5.52 trillion (US$375.77 million), […]
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Thailand
