The 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 […]
Read MoreThe peso fell back into P51:$1 territory on Thursday on the likelihood of a fresh US Federal Reserve rate hike. “The peso depreciated today as an upbeat US report on producer prices keeps open the possibility of another US rate hike this year,” Land Bank of the Philippines market economist Guian Angelo Dumalagan said. “Developments […]
Read MoreKUALA LUMPUR: The ringgit was easier against the US dollar early Thursday on subdued demand for the local currency, as investors eye the release of key US inflation data Thursday At 9 am(0100 GMT), the local unit was quoted at 4.1960/2000 against the greenback from Wednesday’s close of 4.1900/1940. A dealer said US inflation data […]
Read MoreLaos and Thailand have agreed to cooperate more closely to assist Lao workers in Thailand who hold a passport but whose temporary work permit has expired. At present, there are about 94,000 Lao workers in Thailand whose temporary work permits and passports have expired but who have temporary identity cards. There are about 71,000 Lao […]
Read MoreRegistrations for new companies jumped 20 per cent in August from the previous month. Some 7,159 companies were added to the register for the month, which represented a 15 per cent rise from August last year, according to Banjongjitt Angsusingh, director general of Business Development Department of Commerce Minister. By value, the newly registered companies […]
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