Bank Indonesia on Thursday raised its policy rate to maintain the attractiveness of Indonesian assets. Following its two-day board of governors meeting, the central bank decided to hike its seven-day reverse repo rate by 25 basis points (bps) to 6 percent, while the lending and deposit facilities were increased by the same amount to 6.75 […]
Read MoreAPPROVAL will be sought from the Cabinet for investment of over Bt20 billion for a southern corridor that will connect with the Eastern Economic Corridor (EEC) in order to forge a massive trade hub linking the Pacific and Indian oceans. Meanwhile, the first draft of a city plan for the EEC will be ready for […]
Read MoreCountries backing the Regional Comprehensive Economic Partnership (RCEP) have resolved 17 trade issues this year, while leaving unfinished matters to reach finalisation next year. RCEP is the proposed free trade agreement (FTA) between ten members of Asean – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, and six AsiaPacific states with […]
Read MoreMyanmar yesterday opened the first Mineral Development Bank (MDB) to provide banking services to small and medium size enterprises (SMEs) in the gems and mineral sector. “The MDB was established to provide loans for developing technologies in the extraction of gems and minerals and production of finished products,” said U Ohn Win, Minister for Natural […]
Read MoreEfforts must be taken to lessen Myanma Oil and Gas Enterprise’s (MOGE) tax burden from contracts signed with joint-venture firms to work offshore oil and gas fields, a report states. According to the “State-Owned Economic Enterprise Reform in Myanmar: The Case of Natural Resource Enterprises” report by the Natural Resource Governance Institute (NRGI) and Renaissance Institute, […]
Read MorePETALING JAYA: Tumbling crude oil prices have stoked concerns over the government’s ability to meet its budget deficit target in 2019. The market has also turned nervy, considering the potential impact on oil and gas (O&G) companies as well as the government’s coffers. The Brent crude oil futures closed at US$65.46 per barrel as at […]
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Thailand
