Bank Indonesia (BI) has bought up to Rp 173.1 trillion (US$11.24 billion) worth of government bonds from primary and secondary markets in a bid to stabilize rupiah and support the government’s financing needs. BI Governor Perry Warjiyo said the central had bought Rp 166.2 trillion worth of government bonds from foreign investors in the secondary […]
Read MoreWith the Ministry of Labour and Vocational Training’s announcement earlier this week that a total of 130 garment factories have now applied to suspend operations, putting an estimated 100,000 workers out of work and affecting a further 400,000 who are dependents, as the Coronavirus continues to wreak economic havoc, concerns have been raised that social […]
Read MoreNine commercial banks have sought liquidity support worth a total of 56 billion baht for their purchases of mutual fund units through the Bank of Thailand’s Mutual Fund Liquidity Facility (MFLF) as of April 24, according to central bank data. The MFLF has already provided assistance to 30 mutual funds over the same period, the […]
Read MoreThe coronavirus crisis has battered new business registrations, with the figures down 12% year-on-year in March. Vuttikrai Leewiraphan, director-general of the Business Development Department, said yesterday that business registrations totalled 6,066 last month, down from 6,876 in March 2019. On a monthly basis, registrations fell 5% from 6,407 in February. The amount of registered capital […]
Read MoreThe inflow of foreign direct investment (FDI) into the real estate sector in Cambodia was estimated at more than $437.3 million in 2019, according to data from the just-issued National Bank of Cambodia’s (NBC) Annual Banking Supervision Report 2019. Among the total inflow of FDI into the real estate sector, China had the largest investments […]
Read MoreMany people still plan to buy Islamic goods and fashion items for the Ramadan fasting season despite an overall decline in consumer spending caused by growing financial insecurity amid the COVID1-19 pandemic, a survey has indicated. While fashion items remain on consumers’ shopping lists, purchases of recreational and luxury items such as jewelry and smartphones […]
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Thailand
