INDONESIA’S central bank raised its policy rates by 50 basis points (bps) on Thursday (Oct 20), as expected, as it sought to curb rising inflation, while trying to slow capital outflows that have weighed on the rupiah. Bank Indonesia (BI) hiked the benchmark seven-day reverse repurchase rate to 4.75 per cent, in line with the […]
Read MoreDomestic car sales in Thailand rose 15.64% in September from a year earlier to 74,150 units, helped by an economic recovery and new car models, the Federation of Thai Industries (FTI) said on Thursday. That compared with August’s 61.72% year-on-year jump. In the January to September period, car sales increased 19.13% from a year earlier. Car […]
Read More(Bloomberg) — Indonesia’s central bank is expected to deliver another half-point increase in the policy rate to stem the rupiah’s slide and check price pressures. Bank Indonesia will raise its 7-day reverse repurchase rate by 50 basis points to 4.75%, according to 19 of 31 economists surveyed by Bloomberg as of Wednesday. Eleven forecast the […]
Read MoreLocal publicly-listed river port operator, Phnom Penh Autonomous Port (PPAP) reported a revenue of over $30.3 million during the January-September period of 2022, a 21 percent year-on-year compared to the same period in 2020. The state-owned enterprise broke these down as “port operation” ($25 million, up 26 percent year-on-year), “port authority” ($3.1 million, up 20 […]
Read MorePRIME Minister Pham Minh Chinh is confident Vietnam’s growth will exceed expectations this year, and retain the title of South-east Asia’s fastest-growing economy through next year, as it emerges from the pandemic. He expects gross domestic product (GDP) to rise 8 per cent in 2022 – faster than the median 7.3 per cent pace estimated […]
Read MoreMoney exchange units that represent commercial banks are now prohibited from selling foreign currency, according to the Bank of the Lao PDR. Became effective on October 11, the ban supports the government’s attempts to give commercial banks a greater role in the purchase and sale of foreign currencies, while limiting the role of money exchange […]
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