THE turmoil in Turkey’s financial markets presents only a limited threat to Thailand, according to the Bank of Thailand (BOT), but some analysts see the fallout for emerging markets causing moderate falls in the baht and the country’s trade surplus. Chantavarn Sucharitakul, BOT assistant governor, said that the central bank has been monitoring developments in […]
Read MoreThe Finance Ministry is accelerating the ongoing revision of the value-added tax (VA) refund for tourists to gain benefit from the visit of foreign athletes, officials and spectators of the Asian Games 2018, which will take place from Aug. 18 to Sept. 2 in Jakarta and Palembang. “We want to complete the revision as soon […]
Read MoreKUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth rate could be cut by 1.3% over the next two years, if the trade war between the United States and China continues to escalate and eventually leads into a global financial shock. CIMB Group chief economist Donald Hanna, who warned that the worst is yet to come, pointed […]
Read MoreSales purchase agreements between domestic oil contractors and foreign firms may hamper the government’s effort to reduce oil import by requiring state-owned oil and gas holding Pertamina to buy all oil lifting produced by the contractors, an official says. Previously, President Joko “Jokowi” Widodo told Pertamina to buy all oil lifting, the colloquial term for […]
Read MoreBank Indonesia (BI) raised its key rate on Wednesday in a move to maintain the competitiveness of the domestic financial market and to rein in swelling deficit in the current account. Following a two-day board of governors meeting, the central bank raised its seven-day reverse repo rate by 25 basis points (bps) to 5.5 percent. […]
Read MoreThe Southern Transport Corridor, a logistics network linking China’s western cities and ASEAN countries, is growing to be a vital artery. Goods from the western provinces of China can be shipped to Singapore through the Beibu Gulf in South China’s Guangxi Zhuang autonomous region by road, railway and waterways. The route also connects Europe to […]
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