TEMPO.CO, Jakarta – Bank Indonesia (BI) has decided to keep BI 7-day Reverse Repo Rate unchanged at 4.24 percent, whereas the deposit facility rate and lending facility rate are also kept at 3.50 percent and 5.00 percent, effective from November 17. “The decision is consistent with the efforts to maintain macroeconomic stability and financial system stability, as well as […]
Read MoreDomestic demand for farmed fish in Myanmar has risen substantially over the past 10 years, with many small-scale fish farms emerging across the Ayeyarwady region. That’s led to a budding economy of aquaculture-related businesses along the value chain as well as more innovative uses of new farming methods and technology. Between 2004 and 2014, fish […]
Read MoreThe baht rose to 32.95 versus the greenback Thursday, hitting a 30-month high, with Bank of Thailand governor Veerathai Santiprabhob saying the firmer baht is in line with regional peers, driven by the US dollar’s retreat. The dollar is weakening because of uncertainties regarding the US tax reform plan, Mr Veerathai said. “The baht is […]
Read MoreLarge companies say Asean will be a stronghold of their business for decades, serving as a key region for investment and revenue generation. Speaking at the “Asean@50: In Retrospect” forum held on Thursday by the Bangkok Post, the head of Thailand’s biggest coal miner, SET-listed Banpu Plc, said the company has been investing in Asean for […]
Read MoreSwelling household debt is a major factor diminishing the purchasing power of lower-income earners, despite the improving economic recovery, says the Bank of Thailand’s chief. “Despite the rebounding economy, most Thais are not experiencing improvement because their debt burden is pressuring their purchasing power. The Bank of Thailand is working on this problem,” Bank of […]
Read MoreFinance Minister Apisak Tantivorawong set his sights on solving obstacles to international trade as part of the government’s relentless effort to lift its ranking in the World Bank’s ease of doing business report next year. Even though Thailand jumped to 26th in the 2018 report from 48th the previous year, on the international trade section […]
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