Fast-moving consumer goods (FMCG) companies may continue to face challenges in 2019 amid slow consumption growth and new competing products, although there is potential for a rebound in their stock prices next year, analysts have predicted. Some analysts forecast that the top-line growth of major FMCG players in Indonesia, such as Unilever Indonesia and Indofood […]
Read MoreA surge in the baht is adding to the challenges facing Thailand’s trade-dependent economy this year. The baht’s climb of about 5% against the dollar in the past six months is the strongest in the world, according to data compiled by Bloomberg. Exports — already smarting from the US-China trade war — may have fallen in December […]
Read MoreMANILA, Philippines — Economists of private banks still expect inflation to exceed the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP) amid volatile global oil prices, geopolitical tensions, and further depreciation of the peso against the dollar. Dennis Lapid, director of the BSP’s Department of Economic Research, said results of […]
Read MoreCorona Casino Phu Quoc now welcoming Vietnamese citizens under a three-year trial. The first casino in Vietnam able to welcome Vietnamese citizens, Corona Casino Phu Quoc officially opened on January 19 for a three-year trial under Decree No. 03/2017/ND-CP. Corona Resort & Casino Phu Quoc has investment of nearly $1.1 billion in the first phase […]
Read MoreTHE GOVERNMENT expects to provide digital one-stop services 4.0 from 300 government agencies within the next five years. Sak Segkhoonthod, president of the Digital Government Development Agency (DGA), said government agencies nationwide are transforming themselves for digital governance. This is under the Digital Government Framework 2019-24, which is the second stage of the digital government […]
Read MoreJAKARTA: Indonesia’s central bank will intervene in the domestic non-deliverable forward market to provide liquidity and maintain rupiah stability, a senior official said on Monday. Nanang Hendarsah, head of Bank Indonesia’s monetary management, said the “firm” intervention would be conducted through brokers. The rupiah weakened about 0.2 percent on the spot market to 14,200 per dollar in […]
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Thailand
