PETALING JAYA: After witnessing the ringgit fall in March to its lowest level this year against the US dollar, bright spots began to emerge for the local currency to appreciate against the greenback. Economists and currency strategists attributed the ringgit’s strength to the global economic recovery fuelled by the development of Covid-19 vaccine, strong crude […]
Read MoreMANILA, Philippines — Bank economists see the Bangko Sentral ng Pilipinas (BSP) taking a prudent pause on Thursday to assess the impact of aggressive monetary easing, including the surprise 25 basis points rate cut last month, on the country’s ailing economy. Security Bank chief economist Robert Dan Roces said the BSP’s Monetary Board is likely […]
Read MoreThe year 2020 is witnessing a wave of enterprises leaving the market after being hit hard by the Covid-19 pandemic. Chair of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said at a recent policy forum on small and medium enterprises that the business community has suffered heavily. As of November, about […]
Read MoreThe Indonesian government on December 4 released a shipment of exports worth $1.64 billion by 133 large and small businesses to seek alternative markets and to revive Indonesian trade, which has slowed during the Covid-19 crisis. While 79 large businesses accounted for the overwhelming majority of the exports, 54 small and medium-sized enterprises (SMEs) contributed […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) could cut the policy rate in next year’s first quarter if the economic recovery is shaky, says Kasikorn Research Center (K-Research). Thai exports face uncertainty in the first quarter given higher freight cost, while first-quarter private consumption patterns usually slow from the final quarter, said K-Research deputy […]
Read MoreJAKARTA, Dec. 8 (Xinhua) — A survey conducted by the Indonesian central bank in November showed that the country’s consumer confidence in the current economic condition is better than that in the previous year. “The Consumer Confidence Index in November 2020 showed that the consumer confidence was recorded at 92.0, an increase compared to 79.0 […]
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