JAKARTA (BLOOMBERG, REUTERS) – Indonesia’s central bank is intensifying its fight to protect the nation’s currency and bonds with a slew of measures that includes more hedging tools. Bank Indonesia plans to soon introduce overnight index swaps and interest-rate swaps to widen its pool of hedging tools for investors, exporters and banks. The central bank […]
Read MoreDumex Cambodia on Saturday said that one of its baby formula product recently recalled in Singapore is not for sale in the Kingdom, appealing to local consumers to continue purchasing Dumex products. Last month, the Agri-Food & Veterinary Authority of Singapore (AVA) detected the presence of the cronobacter sakazakii bacteria in one batch of Dumex’s […]
Read MoreOver 1 million mobile customers using Total Access Communication’s (DTAC) 850-megahertz spectrum network will be disconnected from mobile service after Sept 15, as the board of the telecom regulator will likely cut off the mobile network service after the concession expires. Furthermore, all 21 million DTAC customers will lose their mobile connection in areas the company’s […]
Read MoreMANILA, Philippines — The country’s manufacturing sector regained its growth pace in August, driven by the surge in new orders which compensated for the softer rise in output, the latest Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) showed. The PMI increased to 51.9 in August, up from 50.9 in July, indicating a modest improvement in […]
Read MoreKUALA LUMPUR: Forty-seven per cent of Malaysian youths have high credit card debts while 38 per cent have been identified as having personal loans, said Bank Negara Malaysia (BNM) Assistant Governor Nazrul Hisyam Mohd Noh. Nazrul Hisyam said in 2017, more than 3,400 people between the ages of 20 and 30 sought counselling and help […]
Read MoreGold and copper mining company PT Freeport Indonesia (PTFI) has been given a one-month special mining permit (IUPK) extension, which is required for the company to import its copper concentrates. Energy and Mineral Resources Ministry mineral business supervision director Bambang Susigit said in Jakarta on Monday that the extension for PTFI, a subsidiary of Freeport-McMoRan Inc (FCX), was signed by Energy and […]
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