Asian currencies rose against the dollar on Monday after disappointing U.S. wage growth reinforced expectations for the Federal Reserve to wait until the second quarter before raising interest rates. The Taiwan dollar touched a 19-month high of 30.83 per U.S. dollar at one point. The South Korean won and Thai baht both rose to their […]
Read MoreJAKARTA: Indonesia’s central bank gave its strongest signal yet that it may be done with cutting interest rates as it adopts a cautious stance with the US Federal Reserve set to tighten further and president Donald Trump pursuing a new trade policy. Bank Indonesia cut its benchmark rates six times in 2016, by a total […]
Read MoreAsia in 2017 is in a much different, and stronger, position than it was in 2016. Above all, the region is finally reflating after years of disinflation and even deflation. Higher energy prices, rising inflation expectations in the United States as well as accommodative monetary policies in the region are all helping to reflate Asia. […]
Read MoreAbout 300 luggage x-ray unit workers at Suvarnabhumi airport have gone on strike, but were replaced temporarily by staff from Don Mueang and other airports. About 8pm on Sunday the striking workers gathered to voice their demands in front of the office of ASM Security Management, a subsidiary of Loxley Co contracted to operate the […]
Read MoreIn the first eight months of this year, Vietnamese businesses’ overseas investments reached 705.8 million USD with 71 newly licensed projects and 35 adjusted projects. Since the Law on Investment took effect on July 1, 2014, the Ministry of Planning and Investment has granted outbound investment licenses for over 190 projects, of which 124 are […]
Read MoreIndonesian tourism industries have expressed support to the adoption of visa-free policy by the government so far, citing positive impact on the tourism sector. The general chairman of the Association of Indonesian Tourism Industries (GIPI), Didien Junaedy, said here on Saturday (Feb. 4) that the adoption of the policy is essential to boost tourism in […]
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Thailand
