JAKARTA: Indonesia’s central bank raised interest rates six times this year, yet consumer lending rates are still falling in South-East Asia’s biggest economy. Between May and September, when Bank Indonesia raised its benchmark rate by 150 basis points, average rates for consumer loans fell by 44 basis points to 11.9%, according to the most recent […]
Read MoreThe government has been asked to extend the waiver of visa-on-arrival (VOA) fees past Jan 13 and to the end of April to lure international visitors during Songkran. Wichit Prakobkosol, president of the Association of Thai Travel Agents (Atta), said the two-month fee exemption for 21 countries, which began on Nov 15, is too short […]
Read MoreThe Hanoitimes – Reports showed that Vietnam has lagged behind other countries in the region in terms of foreign investors’ technology transfer to domestic firms. Vietnam needs to have more effective policies on technology transfer of foreign invested enterprises (FIEs) as global experiences showed that the FDI source only contributes to economic growth of countries which […]
Read MoreMUMBAI: Global investors are already warming to emerging-market Asian currencies – all they want now is a positive sign on trade from Presidents Xi Jinping and Donald Trump. Slumping oil prices, pro-active central banks and lowered expectations for Federal Reserve rate hikes have renewed the appeal of one of the year’s most beaten down asset […]
Read MoreElectronic payment service provider Speed Pay Plc plans to dispose of 51 percent of its stake to Kuala Lumpur-listed online transaction servicer GHL Systems Bhd for $2.04 million, the Malaysian company said in a filing to the local bourse yesterday. The company said the move was part of its plans to expand its footprint in […]
Read MoreThailand will become the first country in Asia to ratify the Work in Fishing Convention, also known as C188, to ensure better working conditions for fishermen. The ratification was confirmed on Thursday by Labour Minister Adul Sangsingkeo, although the news was met with opposition from fisheries groups across the country, who fear the agreement will increase their […]
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