MANILA, Philippines — Rice imports may reach as much as 2.95 million metric tons (MT) this year, according to he Department of Agriculture (DA). Based on the DA’s latest rice supply outlook, rice imports may reach 838,000 MT in the fourth quarter of the year, with 356,000 MT forecast to arrive in December. Rice imports […]
Read MoreUSD/IDR remains pressured around intraday low, down 0.05% on a day near $14,320 amid early Wednesday morning in Europe. The Indonesian rupiah pair refreshed weekly low the previous day but stayed sidelined afterward. In doing so, the pair pays a little heed to November’s foreign trade data for Indonesia. That said, Indonesia’s Trade Balance eased […]
Read MoreThe interagency Development Budget Coordination Committee (DBCC) announced on Tuesday that it had hiked its GDP growth assumption for 2021 from 4 to 5 percent to 5 to 5.5 percent. “As we continuously relax restrictions and increase mobility, economic performance is expected to accelerate further in the last quarter of the year. As we continuously relax restrictions […]
Read MoreThe baht opened at 33.42 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 33.37. The Thai currency is likely to move between 33.40 and 33.50 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is likely to fluctuate as investors are in […]
Read MoreIndonesia is seeking to rally the Group of 20 (G20) nations to reach agreements on four intractable global taxation issues, hoping to clinch certain deals before the country’s G20 presidency ends in December of next year. Indonesia will raise the issues of the taxation of multinational companies’ profits, a 15 per cent global minimum corporate […]
Read MoreThe policy paths of the world’s major central banks are diverging sharply, creating crosswinds for investors, as the Omicron variant of Covid-19 clouds an already uneven global recovery and risks aggravating red-hot inflation. Policy makers at three influential central banks — the Federal Reserve, the European Central Bank and the Bank of England — meet […]
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