JAKARTA (BLOOMBERG) – The Indonesian rupiah has languished at the bottom of Asian currency rankings for most of the year but a recent overhaul of the nation’s investment law may help revive its fortunes. The rupiah rose about 1 per cent against the US dollar last week after Indonesia approved its first omnibus law aimed at cutting […]
Read MorePETALING JAYA: Like other sectors facing the brunt of the ravaging Covid-19, the consumer products sector is also one that has been impacted. Analysts expect to see recovery in the sector by next year with the Covid-19 vaccine hitting the market. Going by reports, the vaccine could be out in the first or second quarter […]
Read MoreMANILA, Philippines — BDO Unibank Inc. said the Philippine economy is set to recover with smaller gross domestic product (GDP) contractions in the third and fourth quarters, paving the way for a full recovery next year amid the pandemic. In a Market Sense webinar titled “Gearing up for recovery” organized by BDO Trust Group, BDO chief […]
Read MoreBusy data week with eye on IPI THE week ahead is packed with data. The Statistics Department is expected to announce the Industrial Production Index and manufacturing sales today and the country’s jobless rate on tomorrow. Economists expect a slight uptick in Industrial Production Index data as activities have since picked up following the relaxation […]
Read MoreThe Free Trade Agreement between Cambodia and China will be signed during a two-day state visit by China’s Foreign Minister Wang Yi in Phnom Penh today, according to an official announcement on Saturday. The announcement has ended months of speculation about the exact date the agreement would be signed after its original scheduled date of […]
Read MoreMANILA, Philippines — Loans extended by banks to large enterprises that recorded a 25 percent drop in gross receipts and are unable to pay financial obligations due to the pandemic are now considered as alternative compliance with the reserve requirements, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the regulator approved […]
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Thailand
