TEMPO.CO, Jakarta – Countries across energy-rich Central Asia are a long way from readjusting to lower oil prices and will need to carry out large-scale reforms to regain competitiveness, a senior World Bank economist told Reuters in an interview. Failure to do so could undermine ruling elites and create serious political risks, said Hans Timmer, chief economist for the Europe and […]
Read MoreKUALA LUMPUR: The ringgit extended Thursday’s gains to be higher against the US dollar early Friday, boosted by strong sentiment towards the local currency, dealers said. At 9 am(0100gmt), the local unit stood at 4.0760/0800 from 4.0830/0860 at Thursday’s close. A dealer said the demand for the ringgit has strengthened following the positive outlook from […]
Read MoreThe Hanoitimes – The implementation of fiscal decentralization in Vietnam since the late 1980s has resulted in local authorities now controlling more than half of total government spending, and 60% of capital investment. The State budget law (SBL), revised in 2015, has continued this process of decentralization by enhancing provincial responsibilities for borrowing and debt management. […]
Read MorePhilippine monetary officials maintained key interest rates on Thursday as expected, given a “broadly unchanged” inflation environment. Consumer price growth forecasts for this year to 2019 were also retained despite upside risks, the Bangko Sentral ng Pilipinas (BSP) announced. In its final meeting for the year, the policymaking Monetary Board (MB) kept the central bank’s […]
Read MoreThe Yangon regional government will give a permit to vehicles which are entrusted to smelting factories and which have a Yangon address, Daw Nilar Kyaw, regional minister of electricity, industry, transport and communication said. Under the former government, the authorities issued an instruction that car owners must entrust their vehicles to the Road Transport Administration Department […]
Read MoreAsian Development Bank (ADB) yesterday hiked its forecast for Thai GDP growth to 3.8% this year and next, while the UN Economic and Social Commission for Asia and the Pacific (Escap) upgraded its 2017 estimate to 3.5% and raised its 2018 view to 3.4%. The Manila-based ADB predicts that a pickup in exports and private […]
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Thailand
