JAKARTA: Foreign debt has risen in the third quarter of the year, due to the government’s samurai bond issuances and borrowed funds from multilateral organisations to finance coronavirus relief packages and economic stimulus toward recovery, according to Bank Indonesia (BI) data. Indonesia’s external debt, which includes government and private-sector borrowings, reached US$408.5bil by the end […]
Read MoreMall operators, faced with a sharp downturn in foot traffic, are looking into the viability of converting empty commercial space into mini-fulfillment centers for their remaining retail tenants, technology vendors and analysts say. “It’s a very real possibility,” said Max Pedro, president and co-founder of logistics technology maker Takeoff Technologies Inc. Mr. Pedro says at […]
Read MoreThe 10th ordinary session of the National Assembly (NA)’s 8th legislature wrapped up on Tuesday after approving economic recovery policies and five laws. During the three-week session, members debated measures presented by the government to overcome economic difficulties and the debt burden, which have been exacerbated by the Covid-19 pandemic. Speaking at the closing ceremony, […]
Read MoreMANILA, Philippines — The Department of Finance sees no need to borrow more than programmed as it expects the economy to bounce back next year, according to DOF Secretary Carlos Dominguez. In an interview with Bloomberg TV, Dominguez said there is no need to tap additional sources of financing outside the regular program of the […]
Read MoreWhile Covid-19 has had a big impact on the economy and most people, it has not hurt the rich. They are stil spending big money on luxury car models. Some buyers in Hanoi said they had signed contracts to buy a Mercedes car in October but would get delivery in December. As the supply is […]
Read MoreThe Federation of Thai Industries (FTI) has expressed serious concerns about the baht’s appreciation and its impact on the export sector, which covers farm produce, food and consumer products. The FTI called on the government on Tuesday to carefully manage the baht’s value and its exchange rates in order to help local industries struggling to deal […]
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