KUALA LUMPUR: The ringgit opened flat on Thursday against the US dollar amid market concern on global economic growth as well as the fragile truce on US-Sino trade war, a dealer said. At 9 am, the ringgit stood at 4.1350/1380 against the greenback from Wednesday’s close of 4.1350/1380. Vanguard Markets managing partner Stephen Innes explained […]
Read MoreMANILA, Philippines — The national government’s debt pile rose to another record high of P7.916 trillion in May following the country’s return to the European and Chinese debt markets, the Bureau of the Treasury (BTr) reported yesterday. According to the latest data from the Treasury, the national government’s outstanding debt as of end-May expanded by […]
Read MoreGDP growth is likely to come in below 3% in the first half before revving up in the latter half on an expected recovery in exports, says a senior Bank of Thailand official. Economic growth is predicted at 2.8% in the first half and 3.8% in the second, bringing full-year growth to the 3.3% forecast […]
Read MoreThe Hanoitimes – Vietnam’s Ministry of Industry and Trade (MoIT) has been cooperating with the Vietnam Steel Association and local companies to provide information for the US regarding steel production process in Vietnam. The US Department of Commerce’s recent duties of up to 456% on certain steel products from Vietnam are not applicable to the ones […]
Read MoreJAKARTA (Reuters): Indonesia has asked China to set up a special fund within its Belt and Road Initiative (BRI) for investment in Southeast Asia’s largest economy, after offering China projects worth US$91bil, government officials said on Wednesday. Indonesia has not been among the biggest beneficiaries of China’s trillion-dollar push to create a modern-day Silk Road. […]
Read MorePrime Minister Hun Sen called on World Trade Organisation (WTO) member states and development partners “to give close consideration” before removing preferential trade status from Least Developed Countries (LDCs). Speaking at the opening of the WTO’s 2019 Global Review of Aid for Trade in Geneva, Switzerland on Wednesday, Hun Sen said that the continuation and […]
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