According to two publications with knowledge of the situation, Grab, a ride-hailing and food distribution company on the US market, is looking to reach a deal to buy smaller Indonesian foe GoTo in the second quarter. According to the two options, Grab, a company with a presence in Singapore, hasContinue Reading
A senior official said on Wednesday ( May 7 ) that Indonesia’s central bank is focused on promoting economic growth without compromising on price stability, including the exchange rate, as the rupiah weakened once more amid rising tensions between India and Pakistan. The central banks will try to strike theContinue Reading
A leading company team predicted that Thailand’s economy and imports will grow less than expected this year as a result of US tariffs on Wednesday ( May 7 ), adding that the nation could gain market share in the US if a price decline was no secured. According to theContinue Reading
JAKARTA: Indonesia’s business grew 4. 87 per cent in the first quarter from a year earlier, its weakest growth rate in more than three years, official data showed on Monday ( May 5 ), compared with a 4. 91 per cent growth price expected by researchers in a Reuters surveys.Continue Reading
Bangkok’s central bank cut its key interest rate by a quarter point for the second time on Wednesday ( Apr 30 ) to help a struggling economy that is unsure of the impact of US tariffs. The monetary policy committee at the Bank of Thailand approved a 25 basis pointContinue Reading
Bangkok: Thailand’s exports increased for the ninth consecutive month in March, more than expected, and they reached their highest level in three years, but steep US tariffs are still a problem, according to the commerce ministry’s statement on Thursday ( Apr 24 ). Exports, a major force behind Southeast Asia’sContinue Reading
Indonesia’s finance minister stated on Thursday ( Apr 24 ) that a government delegation was still negotiating terms with Washington to avoid reciprocal tariffs, stressing that Indonesia’s economic growth this year will likely stay at 5 % despite trade tensions. The president’s outlook is almost the same as it wasContinue Reading
Due to uncertainty in trade and tariffs, Malaysia will need to lower its growth forecast of 4.5 % to 5.5 % for the year, according to the country’s central bank governor.  , At a Wednesday ( Apr 23 ) International Monetary Fund event in Washington, Bank Negara Malaysia Governor AbdulContinue Reading
JAKARTA: Indonesia reported on Monday ( Apr 21 ) a US$ 4. 33 billion deal deficit in March, more than expected and the widest in four times as shipping beat estimates and exports were weaker than anticipated. A Reuters surveys of experts had expected a glut of US$ 2. 64Continue Reading
HANOI: Vietnam’s central banks is drafting a plan to rebuild the disturbed Saigon Joint Stock Commercial Bank, the borrower at the heart of the country’s biggest economic scams on record, local media reported. The strategy, which was developed by investors, is awaiting suggestions from relevant bodies before being submittedContinue Reading