Central banks in Thailand, India, Indonesia and South Korea boosted their reserves this year as global policy easing fueled foreign inflows and pushed their currencies higher It used to be that a buildup in foreign reserves was seen as a bulwark against currency shocks and swift turns in investor sentiment. Those days seem far away […]
Read MoreThe Hanoitimes – Central Group is committed to expanding investment in Vietnam, said the group representative. Central Group Vietnam, the owner of retail chain Big C Vietnam, has reopened purchasing orders for soft-line products from 169 out of 200 local suppliers, while the remaining 31 has voluntarily stopped supplying products for Central Group since early 2019, […]
Read MoreThe Bank of Thailand stunned the market on Wednesday by following the lead of other major central banks with a 25-basis-point rate cut, the first rate decrease since 2015, in an effort to boost the economy. The Monetary Policy Committee (MPC) voted 5-2 to cut the benchmark rate from 1.75% to 1.5%, akin to the […]
Read MoreMANILA, Philippines — The Philippine economy grew slower than expected in the second quarter of the year amid a sluggish rebound in state spending after the late approval of the 2019 budget, the country’s statistics agency reported Thursday. Gross domestic product — the value of all finished goods and services produced in the country — expanded […]
Read MoreRETAIL takings plunged in June compared to a year ago on the back of poor motor vehicle sales, resulting in a fifth straight month of decline. The latest release by the Department of Statistics found that Singapore’s retail sales fell by 8.9 per cent in June – steeper than the 3.7 per cent drop forecast […]
Read MoreJAKARTA: Indonesia’s easing cycle is set to last long as policymakers in South-East Asia’s biggest economy take steps to deal with a deteriorating global economic landscape, according to Bank Indonesia’s new senior deputy governor Destry Damayanti. Damayanti, who was sworn in by the country’s Supreme Court chief justice in Jakarta yesterday, said the economy is […]
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