TEMPO.CO, Jakarta – State-owned lender Bank Rakyat Indonesia (BRI) is aiming to become the most valuable bank in Southeast Asia by 2022, as set forth in its corporate plan for 2018-2022. BRI deputy president director Sunarso said that to achieve the target, the company will improve some indicators, including increasing the bank’s net profit within five […]
Read MoreWASHINGTON – The International Monetary Fund (IMF) expects the Philippines to book the fastest economic growth in the region over the next two years amid the projected stronger global economic recovery. IMF resident representative Shanaka Jayanath Peiris said in an email that the multilateral fund expects the Philippines to book a gross domestic product (GDP) […]
Read MoreThe baht should move in line with market forces but the central bank is ready to act on any excessive volatility in the currency, the central bank governor said on Wednesday. The baht is not as volatile as several other regional currencies, Bank of Thailand governor Veerathai Santiprabhob told a news conference, as the unit […]
Read MoreMilled rice exports were close to 170,000 metric tons in the first three months of this year, an increase of three percent over the same period last year, official figures show. The rise came after exports in March fell by 16 percent and exports in January and February rose 10 percent and 17 percent respectively. […]
Read MoreKUALA LUMPUR: Malaysia’s consumer price index (CPI) jumped 5.1% in March on year, the highest in eight years due to the low base last year and higher retail fuel prices compared to March 2016. The latest index, however, was marginally lower than Bloomberg survey of a 5.2% rise. The Statistics Department said the March CPI, […]
Read MoreThe World Bank has predicted that Cambodia’s GDP will grow at a more modest 6.9 percent this year and next, and slow slightly to 6.7 percent in 2019. However, its prediction is lower than the Asian Development Bank’s flagship annual economic publication, Asian Development Outlook 2017, which forecast Cambodian GDP to grow by 7.1 percent […]
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