PETALING JAYA: The World Bank Group’s present definition of government’s debts that only includes direct debts borrowings is inadequate, Finance Minister Lim Guan Eng says. In a statement issued on Wednesday, he said government guarantees or liabilities that have been committed or crystalised due to default by the principal borrowers, are not covered. “This does […]
Read MoreBank Indonesia (BI) has cut the nation’s benchmark interest rate for the fourth month in a row to the lowest level in 17 months, citing the need to stoke economic growth amid rising global risks. The central bank cut the 7 Day Reverse Repo Rate ( 7DRRR ) by 25 basis points (bps) to 5 […]
Read More[BENGALURU] Most South-east Asian stock markets traded in the red on Friday as uncertainty over the Sino-US trade deal was revived ahead of fresh rounds of negotiations, while concerns about global economic slowdown continued to rattle confidence. Investors are also nervous ahead of a summit in Chile where US President Donald Trump hopes to finalise […]
Read MoreSINGAPORE’S benchmark private residential property price index rose 1.3 per cent in the third quarter of 2019 over the second quarter, faster than the 0.9 per cent increase shown in the flash estimate released on Oct 1, according to the latest data from the Urban Redevelopment Authority (URA) on Friday. In Q2 this year, the […]
Read MoreThailand advanced six notches to 21st out of 190 countries in the World Bank’s 2020 Ease of Doing Business (EODB) rankings. The country scored 80.1, slightly below Malaysia, ranked 12th, with a score of 81.50 and Singapore, ranked 2nd, with a score of 86.2, according to the latest EODB report. Thailand’s overall score in the […]
Read MoreThe newly appointed Industry Minister Agus Gumiwang Kartasasmita is to focus on the development of industrial zones and to increase exports of manufacturing goods during his five-year working term. In addition to increasing exports, he said he also plans to reduce imports of consumer goods and to promote import-substitution industrialization to reduce the country’s current […]
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