Bank Indonesia (BI) has injected about Rp 25 trillion (US$1.82 billion) into the country’s financial markets as investors sell off assets over fears that the rapidly spreading coronavirus will hurt the global economy. BI Governor Perry Warjiyo said on Wednesday that the central bank had been buying government bonds in the market to stabilize prices […]
Read MoreKUALA LUMPUR: Malaysia has postponed its biggest palm oil conference that typically draws thousands of industry players from more than 50 countries, according to sources. The Palm and Lauric Oils Price Outlook Conference and Exhibition or POC2020, originally scheduled for March 2-4, will be rescheduled to June. The event secretariat cited “space availability” as the […]
Read MoreConsumer prices, a gauge of headline inflation, rose to an eight-month high in January, driven by higher raw food and energy prices. The Commerce Ministry said yesterday that overall consumer prices rose by 1.05% from the same month of last year, quickening from a 0.87% year-on-year rise in December, 0.21% in November and 0.11% in […]
Read MoreCambodia Airports and the Overseas Investment Corp (OCIC) have shown progress in discussions on the development of a new Phnom Penh International Airport which is expected to be finished next year. Their cooperation has been signalled through a draft memorandum of understanding (MoU). Stating Cambodia Airports will join with the OCIC to develop a new […]
Read MoreResumes easing cycle to boost market confidence Manila, Philippines — The Bangko Sentral ng Pilipinas (BSP) yesterday resumed its easing cycle,s slashing interest rates by 25 basis points as a preemptive move to support market confidence amid higher prices and uncertainties brought about by the 2019 novel coronavirus (nCoV) outbreak. In a press conference, BSP […]
Read MoreThe State-Owned Enterprises (SOEs) Ministry will close down or merge state-owned companies that have consistently failed to post profits as part of the government’s restructuring of SEOs, Deputy SOE Minister Kartika “Tiko” Wirjoatmodjo said in Jakarta on Thursday. Tiko said that all underperforming SEO’s were currently under review, as the ministry looked to figure out […]
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Thailand
