Jakarta. The Indonesian central bank has recently inked a deal with its Chinese counterpart on the use of their respective currencies when it comes to bilateral trade. In fact, Bank Indonesia has reached the so-called local currency settlement with neighboring Malaysia and Thailand since 2018, as well as with Japan since last August. A central bank […]
Read MoreNot all garment factories oppose an increase to the minimum wage as parties prepare to enter the first round of negotiations on Sept 14. Unions are arguing that wages be increased to $214.20 per month while employers remain steadfast that salaries be reduced because of the pandemic. “My company is more than happy to raise […]
Read MoreChina’s investment in Laos has climbed since 1989 to a cumulative $16 billion, but little of this money has benefited ordinary citizens, while the negative impact from Chinese development projects isn’t being counted accurately, Lao sources say. Sonexay Siphandone—Minister of Investment and Planning—told a meeting with Chinese investors last month that “Chinese investment takes top […]
Read MoreThe economy should grow this year, picking up pace in the third and fourth quarter, after the easing of tougher restrictions to contain the country’s biggest coronavirus outbreak, a deputy prime minister said on Thursday. The restrictions, imposed in July and August, have been eased from this month to help a flagging economy, with tourism […]
Read More[SINGAPORE] Housing Board resale prices rose for the 14th consecutive month, climbing at a faster pace of 1.1 per cent in August compared with July, according to flash data from real estate portal SRX on Thursday. Prices are just 0.1 per cent off the peak in April 2013 according to SRX data, which means September […]
Read MoreKUALA LUMPUR : Malaysia’s central bank kept its benchmark interest rate unchanged on Thursday as rising COVID-19 vaccination rates fuel hopes for a swift economic rebound. All 22 economists surveyed in a Reuters poll had expected Bank Negara Malaysia (BNM) to hold its overnight policy rate steady at a record low of 1.75per cent. While […]
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Thailand
