In Vietnam, the Government and National Assembly have issued preferential policies for electric vehicles. The Thai government has officially approved an incentive package to promote the production and use of electric vehicles in this country. The program will last until 2025, with the goal that by 2030 electric vehicle production will account for 30% of […]
Read MoreJAKARTA (CNA) – Indonesia will remove export restrictions on palm oil products and raise its export levy instead, its trade minister said yesterday, only a week after the world’s biggest exporter of the edible oil shocked markets by further tightening its curbs. The Southeast Asian country has since last week required companies to sell 30 […]
Read MoreJAKARTA: Indonesia has room to increase fuel subsidies without widening its budget deficit beyond a projected maximum of 4.85 per cent of gross domestic product, thanks to windfall revenue from high commodity prices, a finance ministry official said on Thursday (Mar 17). Indonesia has kept prices of its most widely consumed fuels unchanged despite a […]
Read MoreJakarta (ANTARA) – The Board of Governors of Bank Indonesia decided to maintain the benchmark interest rate, or the 7-Day Reverse Repo Rate, at 3.5 percent during their meeting on March 16–17, 2022. Meanwhile, the deposit facility interest rate has been kept unchanged at 2.75 percent, and the lending facility interest rate is at 4.25 […]
Read MoreUSD/IDR extends early-week pullback from the 200-DMA ahead of the key central bank announcement. Bank Indonesia is expected to keep benchmark rate unchanged at 3.5%. Three-month-old ascending trend line holds the gate for further downside. Bulls have multiple hurdles even if they manage to cross the key DMA. USD/IDR remains on the back foot for […]
Read MoreINDONESIA’S consumer confidence and spending should recover on the back of a rising vaccination rate and as the population gets used to living with Covid-19, although it still sees pressure from volatile commodity prices, said Fitch Ratings. In a report on Wednesday (Mar 16), the research team noted that rising vaccination should help mobility and […]
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Thailand
