TEMPO.CO, Jakarta – Bina Artha Sekuritas senior analyst Reza Priyambada predicts that Rupiah will continue to weaken caused by the minimum positive sentiment domestically and internationally. “Rupiah is predicted to move around 13,401 at its peak and 13,319 at its weakest,” said Reza today on Thursday, September 28. The market, Reza observed, tends to enter safe heaven […]
Read MoreHANOI — Vietnam witnessed a year-on-year increase of 21.4 per cent in total trade value from January 1 to September 15 to US$289.14 billion, according to the General Department of Customs. However, total trade value in the first half of September dropped by 11.7 per cent to $2.44 billion against the same period last year. Meanwhile, the nation gained trade […]
Read MoreMacroeconomic stability could be threatened by the Philippines’ record low interest rates, a Fitch Group unit warned. “We highlight the risk that the record low interest rates may lead to speculative and unproductive investment decisions, posing increasing downside risks to macroeconomic stability in the coming years,” BMI Research said in a report released on Wednesday. […]
Read MoreTOO many cooks are spoiling the broth in Singapore’s pursuit of a cashless society. Competition among e-payment players will improve user experience, certainly, but Singapore does not need another new e-wallet; it needs a standardised Quick Response (QR) code or Point-of-Sale (POS) terminal, observers tell The Business Times. Anna Haotanto, chief executive of The New […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) raised its economic growth forecast for this year because of expanding exports and tourism, but it kept the policy interest rate unchanged yesterday as widely expected. The economic growth forecast for this year was increased to 3.8% from 3.5%, while next year’s growth forecast was also given […]
Read MoreBusiness tycoon Try Pheap signed a memorandum of understanding (MoU) on Tuesday with a Beijing-based company that aims to establish a 100-hectare automotive assembly plant in the Kingdom’s Kampot province with initial capital investment of $30 million, according to reports in local media. The plant will produce everything from trucks to cars and motorcycles, as […]
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