THE BANK of Thailand is confident on the country’s outlook for economicgrowth, despite the concerns over a strong baht that prompted a call by the Finance Ministry for a cut in interest rates. The Finance Ministry this week urged the cut in rates in order to ease upward pressure on the baht. But Bank of Thailand […]
Read MoreConcerns that the ongoing violence in Rakhine State could result in capital outflows and economic sanctions are rising in the investor and business community. At the 2017 Myanmar Global Investment Forum in Nay Pyi Taw on September 12, U Aung Naing Oo, secretary of the Myanmar Investment Commission, said he is not expecting any negative […]
Read MoreQUANG NGAI — The central province of Quang Ngai has called for new investors in six projects that had their investment licences revoked due to delays from 2010 to 2015. Head of Dung Quat Economic Zone’s management board, Nguyen Minh Tai, said the six projects had registered to invest in the zone, but all only […]
Read MoreSINGAPORE – The number of new private homes sold in August jumped by 165 per cent from a year ago, according to Urban Redevelopment Authority (URA) data released on Friday (Sept 15). Developers sold 1,241 units last month, 773 units or 165 per cent more than the 468 new private homes moved in August last […]
Read MoreThe National Bank of Cambodia and the People’s Bank of China yesterday officially launched the yuan-riel exchange rate at the China-Asean expo in Nanning. “The yuan-riel exchange rate proves the importance of economic and financial ties between Cambodia and China,” said Sum Saniseth, vice governor of the NBC. “China also has a similar exchange rate […]
Read MoreTEMPO.CO, Jakarta – The Central Statistics Agency (BPS) reports that Indonesia posted a trade surplus of USD1.72 billion in August 2017. It was the highest figure since November 2011 at US$1.8 billion. The trade surplus was achieved owing to increased exports and dipping imports. Total exports last month stood at US$15.21 billion or increased by 11.73 percent (mom), whereas […]
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