The Ministry of Agriculture, Forestry and Fisheries on August 12 called on exporters of Pailin longan to divert their products from Thailand to Vietnam in light of the Covid-related Cambodia-Thai border closures, as the harvest season ramps up. Cambodia and Vietnam have agreed on phytosanitary requirements permitting Cambodian longan to enter the Vietnamese market, as […]
Read MoreThe baht opened at 33.10 to the US dollar on Friday, strengthening from Wednesday’s closing rate of 33.35. The Thai currency is likely to move between 33.05 and 33.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht was likely to be volatile and weaken due to the Covid-19 situation […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has further eased foreign exchange transaction rules to boost efforts to convert half of retail transactions in the country to digital channels by 2023. BSP Governor Benjamin Diokno said the Monetary Board last week approved the revisions to the Manual of Regulations on Foreign Exchange Transactions. […]
Read MoreTEMPO.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 […]
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