Headline inflation in Indonesia rose to 2.98 percent in February from 2.68 percent in January, driven by higher prices of garlic and cayenne, among other commodities. “The highest inflation was recorded in the food, beverages and tobacco [category], especially garlic, cayenne and meat,” Statistics Indonesia (BPS) head of statistics distribution and services Yunita Rusanti told […]
Read MoreThe Bank of Thailand has eased some foreign-exchange rules as part of a previously announced plan to temper the strength of the baht. The threshold for proceeds that do not need to be repatriated rises to US$1 million from the current $200,000, effective from March 2, the central bank said in a statement on Friday. […]
Read MoreKUALA LUMPUR: The ringgit opened slightly higher against the US dollar amid growing expectations that Bank Negara Malaysia (BNM) and the US Federal Reserve would cut interest rates soon. The local note stood at 4.2100/2150 against the greenback from 4.2120/2180 recorded at 6 pm Friday. AxiCorp chief market strategist Stephen Innes said BNM could cut […]
Read MoreThe government plans to improve border checkpoint infrastructure and promote Single Window Services with Vietnam and Thailand in a bid to boost trade among the Asean nations. The Ministry of Economy and Finance’s Economic and Financial Policy Committee, chaired by Economic Minister Aun Pornmoniroth, made the announcement during the meeting over Single Window Services between […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has enough policy space to totally unwind a tightening cycle that saw interest rates jump by 175 basis points in 2018, according to Moody’s Investors Service. Christian de Guzman, senior vice president at Moody’s, told The STAR the Bangko Sentral ng Pilipinas (BSP) has room to […]
Read MoreNEARLY a third of the global financial centre of Singapore sits less than five meters above sea level. If global warming continues unabated, an area as large as 3,400 football fields in the centre of the small city-state could be inundated by 2100, flooding the vital business district and some of its most valuable infrastructure. […]
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