11:31 pm January 29, 2015 | No Comment
Indonesia’s economy is likely to benefit from the European Central Bank’s move to start a quantitative easing policy but may struggle when the US Federal Reserve raises interest rates, said a senior local executive at JPMorgan Chase, the largest banking institution in the United States.
10:47 pm January 29, 2015 | No Comment
The Federal Reserve boosted its assessment of the economy and played down low inflation while repeating a pledge to stay “patient” on raising interest rates.
10:32 pm January 29, 2015 | No Comment
Thomas Jordan’s move to scrap the Swiss currency ceiling has left him working out what to do with the half-a-trillion-dollar legacy in its wake.
7:22 pm January 29, 2015 | No Comment
Bank Indonesia, the country’s central bank, is targeting the value of electronic money transactions to reach 2 percent of gross domestic product this year, up from 1.6 percent of GDP in 2014, on the back of the government’s cash transfer program.
6:49 pm January 29, 2015 | No Comment
Yangon. Myanmar's central bank sold less than half the 50 billion kyat ($48.83 million) worth of treasury bonds on offer in its first auction, which aimed to reform the fledgling economy and boost overstretched coffers, the bank said in a statement on Thursday.
6:24 pm January 29, 2015 | No Comment
Bangkok. Thai exports are weak, and thebaht's relative resilience against the greenback is not helping.
6:14 pm January 29, 2015 | No Comment
Annual inflation in Indonesia likely eased to 7.50 percent in January from 8.36 percent in December 2014 after domestic fuel prices fell on sliding global oil prices, a Reuters poll showed.
5:49 pm January 29, 2015 | No Comment
Indonesia narrowed the gap in car output with Thailand, Southeast Asia’s automaking hub, to its smallest ever margin last year in percentage terms and is expected to overtake the Thai industry within a decade.
5:43 pm January 29, 2015 | No Comment
Indonesia will encourage state enterprises to boost their capital through debt or rights issues to enable them to contribute more to economic growth, State Enterprises Minister Rini Soemarno told Reuters on Thursday.
3:35 pm January 29, 2015 | No Comment
Microsoft made its popular Word, Excel and PowerPoint applications available for free on Android tablets on Thursday, marking the latest step in its drive to get as many mobile customers as possible using its software.
12:10 pm January 29, 2015 | No Comment
Smartphone shipments to Indonesia are forecast to grow 20 percent this year as the country’s purchasing power continues to climb, leaving many with money to spend to make online purchases, according to information technology research firm International Data Corporation.
11:56 am January 29, 2015 | No Comment
Asia’s wealthiest families are snapping up dollars as a haven from the volatility plaguing financial markets, providing another source of demand for the greenback.
11:37 am January 29, 2015 | No Comment
Singapore and Switzerland have plenty in common: tax havens, favored hideout of billionaires, prudent fiscal management, snow-capped peaks (actually, we’re not 100 percent sure about that last part.) If these two stable financial centers are preparing their currency regimes for a world of increased volatility, attention will inevitably turn to the next shoe that may be dangling.
11:30 am January 29, 2015 | No Comment
Philippine economic growth accelerated last quarter as government spending and manufacturing output rose, capping the best three years of expansion since the mid-1950s. Stocks rose to a record.
11:20 am January 29, 2015 | No Comment
The International Monetary Fund said on Wednesday it would begin working on alternatives to its stalled, five-year-old reform program after passing another year without the required ratification by the US government.