JAKARTA: Indonesia posted a larger-than-expected trade surplus in February with exports surging and imports contracting amid disruptions in global supply chains due to the coronavirus outbreak, data from the statistics bureau showed. Southeast Asia’s largest economy had a $2.34 billion surplus in February, compared with the $90 million surplus expected in a Reuters poll. The […]
Read MoreSINGAPORE: While Asian housing markets from Hong Kong to Bangkok buckle under the outbreak of coronavirus, Singapore seems to be holding up, at least for now. Sales in the city-state jumped 57% to 975 units in February, from 620 in January, according to Urban Redevelopment Authority data released Monday. It’s the highest February total since […]
Read MoreLocal supermarkets have been packed with shoppers since the evening of March 12 and some goods have been out of stock. The panic buying was sparked by rumours that the government planned to close schools and cinemas for up to a month, and that a patient had tested positive for COVID-19 at the Yangon General […]
Read MoreThe Bank of Thailand (BoT) has no plan to call an emergency meeting following the US Federal Reserve’s weekend decision to cut its policy rate to zero. Other central banks have also cut rates in unscheduled policy announcements in a concerted bid to blunt the impact of the coronavirus disease (Covid-19) pandemic “The Monetary Policy […]
Read MoreThe Hanoitimes – The increase in biomass power prices is a big move to boost capacity of this energy source to 3,000 MW by 2030. Vietnam has decided to increase the feed-in-tariff (FIT) for biomas power projects to VND1,634/kWh (7.03 US cents) for co-generation heat power projects and VND1,968/kWh (8.47 US cents) for other types of […]
Read MoreThe number of Indonesia’s ultra rich is expected to jump by 57 percent to 1,060 individuals over the next four years, the second highest increase in Southeast Asia, according to a recent report. The growth of the country’s ultra-high-net-worth individuals (UHNWIs), or those with a net worth of more than US$30 million, is projected to be the fifth-highest […]
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Thailand
