TEMPO.CO, Jakarta – Bank Indonesia noted that the country’s foreign exchange (forex) reserves reached US$137.3 billion at the end of July 2021. “[The figures] increased compared to the position at the end of June 2021 at US$137.1 billion,” said BI’s Head of Communication Department, Erwin Haryono, in a written statement, Friday, August 6. The amount of the reserves will be sufficient […]
Read MoreAsia Development Bank’s (ADB) forecast for Brunei Darussalam’s economic growth remains unchanged in the latest Asian Development Outlook Supplement (ADO), July 2021 report published recently. In May this year, ADB said that Brunei’s economy is expected to strengthen in 2021 and 2022, on an improving external environment with economic growth of 2.5 per cent this […]
Read MoreIndonesia has made great strides in becoming a middle-class country and is working to become a thriving high-income country by 2045. Recognizing the importance of job creation throughout this journey, the country has remained committed to creating conditions for robust job creation. Even as progress globally has been derailed by the COVID-19 pandemic, Indonesia has […]
Read MoreFollowing a record-breaking six months of inflows into US mutual funds reaching a total of US$720 billion, Thai investors should focus their picks on value stocks reinforcing an economic recovery, says Morningstar Research Thailand. In June alone, US mutual funds posted $100 billion in net inflows, up from $83 billion in May. According to the […]
Read MoreThe health crisis is becoming increasingly complex and expected to continue drawing a grey economic picture in the region. Global data analysts FocusEconomics last week stated that the latest COVID-19 wave has been seriously hurting the Vietnamese economy, especially tourism and manufacturing industries, thus forcing the analysts to revise down the country’s GDP growth forecasts. […]
Read MoreMANILA, Philippines — Filipinos will face difficulty seeking work until 2022 despite the gains made in recovering jobs lost last year, forcing the Department of Finance (DOF) to push for the distribution of cash aid to the poorest families. The DOF yesterday said challenges on bringing down the poverty and unemployment rates will persist until […]
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