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Thailand: BoT eases up on exporters’ rules

The Bank of Thailand has relaxed regulations related to exporters’ foreign currency proceeds and foreign securities investment to encourage capital outflows and rein in the baht’s strength. The central bank on Wednesday announced four measures, taking effect tomorrow, to stimulate capital outflows and lessen pressure on the baht. The moves are also aimed at reducing Thailand’s […]

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Indonesia defends economic data against doubters

[JAKARTA] Indonesia’s Finance Minister Sri Mulyani Indrawati defended the nation’s statistics, saying there was no manipulation of the economic growth figures after some analysts questioned the unusual stability of the data. “The government never intervenes in the statistics,” Indrawati said in a phone interview from Dubai on Wednesday. Statistics Indonesia, known as BPS, is independent […]

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Philippine economy grows 6.2% in Q3 2019

MANILA, Philippines (11:40 a.m.) — The Philippine economy recorded a 6.2% growth in the third quarter of 2019, the government announced Thursday. The country’s gross domestic product is higher than the 5.5% growth in the second quarter this year, the Philippine Statistics Authority said. According to the PSA, net primary income from the rest of the world grew by […]

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