KUALA LUMPUR: The ringgit fell against the US dollar in early trading today on weaker demand, in line with the declining global oil price. At 9.04 am, the ringgit was at 4.2200/2250 against the greenback from 4.2030/2080 last Friday. A dealer said oil prices fell after the new import tariffs imposed by the United States […]
Read MoreThe Hanoitimes – Experts attributed the success in the fight against the dollarization in the economy to the central bank’s effective policies, including the zero percent dollar deposit interest rate and the foreign exchange stability. Vietnam’s anti-dollarization policies have taken effect with the level of dollarization in the economy continuing to decline sharply in recent […]
Read MoreCompany directors in Myanmar now face legal repercussions if they fail in their corporate duties under the new Myanmar Companies Law, which came into force last August. Articles 165-172 of the Companies Law includes a set of directors’ duties, aimed at ensuring that a company is properly run and managed in the best interests of […]
Read MoreThe government on Monday lowered the annual inflation forecast to a range of 0.8-0.9% this year, the slowest growth in two years, from 0.7-1.3% in July, due to lower oil prices. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said the latest forecast was based on oil prices averaging US$64 per barrel, the […]
Read MoreThe Energy and Mineral Resources Ministry has announced that Indonesia will stop nickel exports as of Jan. 1 next year to accelerate the establishment of domestic smelters while its nickel reserves are limited. According to coal and minerals director general Bambang Gatot Ariyono, Indonesia would need 81 million tons nickel ore supply per year as it currently has 11 working smelters […]
Read MoreThe risk-prevention function of gold has been in the global spotlight lately, with the price pushing past US$1,500 an ounce for the first time in six years on Aug 7 and holding there in recent days. As oil prices are often inversely related to gold prices, we are confident that gold will climb to $1,800, […]
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Thailand
