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Malaysia: Economic momentum seen on the uptrend

PETALING JAYA: Malaysia’s economic momentum is set to pick up on a steady note in the second half of 2020 after beating market consensus to record among its best trade figures last month. Economists and analysts share the view that the country’s economic recovery post-pandemic is on the right footing but concede that risks still […]

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Thailand: Predee bombshell hits baht trading

The baht experienced a sudden depreciation against the US dollar on Tuesday after Finance Minister Predee Daochai submitted his resignation less than a month into his tenure. Prime Minister Prayut Chan-o-cha has approved Mr Predee’s resignation, according to the Royal Gazette. Mr Predee cited illness as the reason for his resignation. Local media reports suggested that he […]

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Indonesia draft bill seeks govt role in central bank

JAKARTA: Indonesia’s parliament will consider possible sweeping changes to laws that could give the government more authority over the central bank. A draft bill prepared by a panel of experts and presented to the parliament’s Legislation Committee on Monday proposed setting up a five-member monetary board, led by the finance minister, to help Bank Indonesia […]

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Government sells stake in Viet Nam’s largest brewer

The Ministry of Industry and Trade late last week transferred the State ownership in Saigon Beer Alcohol Beverage Corp (Sabeco) to the State Capital… The Ministry of Industry and Trade late last week transferred the State ownership in Saigon Beer Alcohol Beverage Corp (Sabeco) to the State Capital Investment Corporation (SCIC). The value handed over […]

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Singapore, Brunei agree on ‘reciprocal green lane’ for essential travel, applications begin today

SINGAPORE, Sept 1 — Singapore and Brunei Darussalam have agreed to establish a “reciprocal green lane,” starting this month, to facilitate essential business and official travel for residents from both countries. In a joint statement today, the Foreign Affairs ministries of the two countries said that both sides have agreed to allow cross-border travel to […]

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Myanmar plans to import over 3 million broiler chicks from Thailand in 4 months to fulfill domestic needs

To fulfil domestic needs, Myanmar targeted to import 3.79 million broiler chicks from Thailand in September as a monthly temporary project, under which the import has been conducted starting from June, according to Myanmar Livestock Federation (MLF). “Because of the coronavirus outbreak in April and May, the local broiler chicken breeders dropped the production of […]

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