Indonesia’s central bank yesterday left its benchmark interest rate unchanged and extended policies to boost loan growth and consumption, seeking to bolster a recovery driven by commodity exports and border reopening. Bank Indonesia kept the seven-day reverse repurchase rate at a record-low 3.5 percent, as predicted by all 30 analysts in a Bloomberg survey, staying […]
Read MoreIt is reported that there is a significant gap among banks when it comes to interest rate reduction for people and businesses affected by the COVID-19 pandemic. Since commercial banks has seen big earnings during the third quarter of 2021 despite social distancing measures in place in many cities and provinces, insiders believed there is […]
Read MoreThailand has urged World Trade Organization (WTO) members to step up tackling trade barriers and provide trade facilitation for essential products to cope with Covid-19 such as vaccine production to prevent further impact on global trade expansion. Pimchanok Pitfield, ambassador and permanent representative of Thailand to the WTO and the World Intellectual Property Organization, said […]
Read MoreMANILA, Philippines — The government yesterday failed to borrow P35 billion from domestic investors after they asked for yields that went beyond expected levels. The Bureau of the Treasury rejected all bids for the P35 billion in reissued 10-year Treasury bonds (T-bonds) due to mounting monetary pressures. Likewise, demand for the long-term securities fell short […]
Read MoreBest Electricity has become the third energy retailer in Singapore in a week to announce it is closing shop. It cited “unexpected volatile conditions” for its closure in its Oct. 19 announcement on its website, saying it has made it “extremely difficult” to continue. The company will be gone by as early as Oct. 21. Its […]
Read MoreVietnam’s economy has recently received many optimistic signals from the business community, which are fuelling expectations of a stable and rapid recovery after a long disruption due to the COVID-19 pandemic. At the press conference on Monday, Nguyen Van Lam, Deputy Director of the HCM City’s Department of Labour, Invalids and Social Affairs said nearly 135,000 workers had returned to work […]
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