indo05
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Indonesia records first-quarter budget deficit of $4.9b

Indonesia’s state budget deficit fell to Rp 76.4 trillion (US$4.94 billion) in the first quarter of 2020 as revenue grew significantly from a year earlier while spending growth slowed, Finance Ministry data show. The deficit amounts to 0.45 percent of the country’s gross domestic product (GDP). State revenue at the end of March was up 7.7 percent […]

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Bank of Thailand’s BSF faces slew of criticism

The Bank of Thailand’s mechanism to inject liquidity to help stabilise the debenture market has yet again been met with criticism from one of the central bank’s alumni, with the main objection centring on the move’s failure to effectively address the problem’s root causes. Amid risks that many corporations will experience a liquidity shortage, the […]

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Cambodia: Business registrations plunge

The number of business registrations for the first three months of the year have plunged dramatically compared with the same period last year. From January to March 2020, Cambodian-registered businesses to around 2,868 companies and enterprises, dropped about 27.7 percent compared with 3,968 companies and enterprises in the same period in 2019, according to the […]

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Vietnam: Economic institutions’ net withdrawal from banks doubles to US$8.2 billion in Jan-Feb

The Hanoitimes – During the two-month period, deposits from economic institutions in Vietnam’s banking system declined 4.84% against the end of 2019 to VND3,770 trillion (US$161.08 billion). In the first two months of 2020, economic institutions in Vietnam net withdrew VND191.76 trillion (US$8.2 billion) from the banking system, double the net withdrawal amount of VND95.9 trillion […]

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Thailand: Operators step up to aid shoppers

Consumer goods makers, distributors and modern trade operators have agreed to lower goods prices by 5-58% to help reduce living costs during the coronavirus crisis. The campaign starts with six categories covering 72 items from March 16 to June 30. Commerce Minister Jurin Laksanawisit chaired a meeting on Thursday with representatives from 14 manufacturers, various […]

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