Indonesia posted a surplus in its balance of payments for the second successive quarter thanks to the improvement in the current account deficit and surge in capital and financial accounts, Bank Indonesia (BI) announced on Friday. The balance of payments surplus was recorded at US$2.41 billion in the first quarter, lower than the $5.41 billion surplus recorded in the fourth quarter […]
Read MoreKUALA LUMPUR: The Economic Affairs Ministry will focus on developing new industries to drive the nation’s economy to a higher level and in tune with current developments. Its Minister Datuk Seri Mohamed Azmin Ali said the generation of new growth sectors was one of the seven strategic thrusts in the shared prosperity economic model outlined […]
Read MoreMANILA, Philippines (Updated 5:19 p.m.) — The Bangko Sentral ng Pilipinas on Thursday cut its policy rate from a decade-high amid tame inflation recorded in recent months and slower-than-expected economic growth in the first quarter. At its meeting, the BSP’s Monetary Board decided to cut key rate by 25 basis points to 4.5% effective Friday. The central […]
Read More[WASHINGTON] The Trump administration will expand the number of countries it monitors for currency manipulation in an upcoming report expected this month, and Vietnam may be named a currency manipulator, Bloomberg reported on Thursday. Citing people familiar with the matter, Bloomberg said the number of countries on the watch list will rise to about 20 […]
Read MoreSINGAPORE’s life insurance industry saw a 1 per cent growth in weighted new business premiums to S$937.2 million for the first quarter of 2019, the Life Insurance Association Singapore (LIA) said on Thursday. Uptake of annual premium policies for the first quarter rose 11 per cent year on year to S$712.5 million in total weighted annual premiums. The uptake […]
Read MoreAN ESCALATION of the US-China trade war is likely to slash growth in Thai exports to less than half that of last year, said economists from Krungthai Bank and Standard Chartered Bank. Last Sunday, US President Donald Trump tweeted: “For 10 months, China has been paying tariffs to the US of 25 per cent on […]
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