JAKARTA (REUTERS) – Indonesia’s central bank on Thursday delivered its third cut to the benchmark rate this year, stepping up support for South-east Asia’s largest economy as it struggles to avoid a recession amid the broadening fallout of the coronavirus pandemic. Bank Indonesia (BI) cut the seven-day reverse repurchase rate by 25 basis points (bps) to 4.25 […]
Read MoreThailand is poised to soar in the global market with heightened investment attraction and a massive budget earmarked to rejuvenate the economy in the fourth quarter, as the Covid-19 pandemic eases, according to Deputy Prime Minister Somkid Jatusripitak. In an exclusive interview with the Bangkok Post, Mr Somkid said the government also plans to enhance financial […]
Read MorePrivate equity investors are seeing no lack of opportunities in Myanmar and have no plans to change strategy when it comes to investing in the country, although heavy travel disruptions have made assessing new investments harder. The investors said COVID-19 has allowed them to spot the “camels” – companies that are resilient to tough business […]
Read MoreCredit demand in Vietnam is expected to stay low in the foreseeable future as the Covid-19 pandemic continues to be complicated globally, said a central banker. Vietnam’s credit growth as of June 16 is estimated at 2.13% against the end of last year, significantly lower than the average growth rate of the corresponding period in […]
Read MoreThe Minister of Tourism said that business operators in Preah Sihanouk province and authorities at all levels need to be ready to welcome tourists returning after COVID-19 is defeated as the province improves its infrastructure. Ministry of Tourism Minister Thong Khon said during the promotion of safety measures to tourism-based businesses in Preah Sihanouk province […]
Read MoreThailand’s car exports fell 35% year-on-year in the first five months of 2020 to 158.7 billion baht in value, pressured by the global economic slowdown and travel restrictions caused by the coronavirus crisis. The country exported 300,501 cars in the period, according to the Federation of Thai Industries (FTI) automotive club. Thailand produced 534,428 cars […]
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