TEMPO.CO, Jakarta – Bank Indonesia (BI) has expressed its appreciation for credit rating agency Moody’s Investors Service’s decision to upgrade its outlook for Indonesia’s sovereign credit rating from stable to positive. Concurrently, Moody’s has affirmed Indonesia’s investment grade rating of Baa3. “Improved Moddy’s outlook shows a continued recognition from international agencies of Indonesia’s success in […]
Read MoreThai businesses are being urged to prepare for a possible trade war ignited by the protectionist policies of US President Donald Trump by diversifying into other markets. Somkiat Tangkitvanich, president of the Thailand Development Research Institute (TDRI), said yesterday that while Thailand is less exposed to US protectionism than other Asian countries, it could face […]
Read MorePETALING JAYA: Malaysia’s exports rose 10.7% to RM75.6bil in December 2016 from a year ago, exceeding economists’ expectations of 9.6% growth, underpinned by higher exports of electrical and electronic (E&E) products, palm oil and palm-based products. The Statistics Department said on a month-on-month (m-o-m) basis, exports increased RM2.7bil, or 3.7% from RM72.8bil. In seasonally adjusted […]
Read More[JAKARTA] Moody’s Investors Service upgraded its credit outlook on Indonesia to “positive” from “stable”, praising its progress on reforms and its efforts to keep finances under control despite falling prices for its main commodity exports. Moody’s upgrade late on Wednesday follows a similar move by Fitch in December, and comes at a welcome time for […]
Read MoreBANGKOK: Thailand’s central bank will likely leave its policy rate unchanged near record lows this week, as policymakers turn their focus to fiscal spending to support weak economic growth. Bank of Thailand governor Veerathai Santiprabhob told Reuters last month that monetary policy would remain “accommodative” as the economic recovery was fragile and inflation was not […]
Read MoreThe 27th Vietnam Expo will be held on April 19 at the Hanoi International Exhibition Centre. The 27th annual expo–themed “Enhancing Regional and Global Economic Links”–will be one of important trade promotion events to welcome APEC 2017 in Vietnam and connect Vietnam with regional and global countries and territories. At least 500 businesses from 23 […]
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