MANILA, Philippines — The country’s balance of payments (BOP) position booked its widest deficit in 16 months, hitting $1.36 billion in January amid the strong outflows of foreign exchange as the national government settled more external obligations. Data released by the Bangko Sentral ng Pilipinas (BSP) showed the shortfall last month reversed the $2.7-billion surplus […]
Read MoreTHE Singapore dollar plunged to 1.40 against the US unit on Thursday, reflecting growing recession fears as new reported cases of Covid-19 – while slowing down inside China – seem to be picking up pace in the rest of the world. The SGD’s slide on Thursday was in tandem with broad weakness in Asian currencies […]
Read MoreThe Thai Bankers’ Association (TBA) is set to ask the central bank for a further easing of requirements for loan-loss provisions after banks offered relief measures to customers affected by the coronavirus crisis. “The TBA will discuss additional measures and regulatory barriers, including additional relaxation of loan-loss provisions, with the Bank of Thailand,” said TBA […]
Read More[KUALA LUMPUR] Malaysia’s January consumer price index (CPI) rose 1.6 per cent from a year earlier, the fastest pace in nearly two years, government data showed on Friday. The annual inflation rate was in line with the pace forecast by economists in a Reuters poll and the fastest since May 2018 when the index increased […]
Read MorePT Mandiri Sekuritas, a subsidiary of state-owned Bank Mandiri, is aiming to further improve its online stock trading platform to attract more retail investors using its brokerage services. With the improved online trading application, called MOST, the company hopes to have 148,000 users by the end of this year or a 25 percent increase from […]
Read MoreBecause of the global tourism market slowdown caused by the Novel Coronavirus Covid-19 and its impact on Cambodia, the Pacific Asia Travel Association Cambodia Chapter (PATACC), which represents about 135 members across the country, has submitted a letter to the government requesting urgent measures. The letter obtained by Khmer Times, reveals the group has requested the […]
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