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JAKARTA: The Indonesian government’s plan to sell billions of dollars of bonds to the central bank to finance a widening fiscal deficit poses no immediate threat to the nation’s credit rating, according to S&P Global Ratings.
HANOI, July 5 (Vietnam News/ANN): With huge inflation pressure on the way in the remaining months of this year, a close watch must be kept on the prices of key products like oil and pork to hit the goal of keeping inflation below four per cent, experts have said.
SINGAPORE July 4 (Bloomberg): Temasek Holdings Pte’s biggest equity shareholdings and those of its subsidiaries have plunged almost US$24 billion since January as the spreading coronavirus sends markets into spasms.
BANGKOK, July 4 (Reuters): Thailand's coalition government survived a key challenge on Friday (July 3) when parliament passed the first reading of a US$106 billion draft budget bill for the 2021 fiscal year, aimed at reviving an economy battered by the coronavirus pandemic.
BEIJING, July 4 (China Daily/ANN): China's services sector saw the strongest expansion in a decade last month as the resumption of business activity accelerates and the country's economy continues to recover, a private survey showed on Saturday.
KUALA LUMPUR, July 4 (Bernama): Bursa Malaysia is likely to trade in line with regional bourses next week as markets may extend their rally on positive news about potential Covid-19 vaccine development, said an analyst.
TOKYO: SoftBank Group Corp shares just reached a new high this year, propelled by a series of buybacks that have seen the stock recoup the losses suffered during the coronavirus market rout.
LAST week, the Finance Minister was quoted as saying that the country’s debt to GDP level could hit the 55% mark by year-end from the current 52% level.
TOKYO: The world’s biggest pension fund posted a record loss in the first three months of 2020 after the coronavirus pandemic sparked a global equity rout in the period.