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SINGAPORE: Asian emerging-market currencies are cheap and an imminent U.S.-China trade deal means this is a good time to buy them, according to Pacific Investment Management Co.
JAKARTA (Bloomberg): Indonesia's national dish of nasi goreng, or fried rice, has become a lot cheaper these days as the nation's two big ride-hailing apps wage a price war on everyday groceries.
JAKARTA: Weeks after Armand Wahyudi Hartono became the vice-president director of Indonesia’s largest non-state bank, he noticed how staff were leaving half-empty glasses of water after work. The next morning, he restricted the amount of drinking water available at PT Bank Central Asia’s headquarters.
THE dollar appreciated by 0.36% to 97.631 following a confluence of factors such as the dovish ECB meeting; higher demand for safe-haven assets as optimism in the US-China trade talks was offset by another round of Brexit saga; and better-than-expected flash PMI data with the October Markit manufacturing PMI preliminary estimate rising to 51.5 points from 51.1 points in September and beating market expectation of 50.7.
JAKARTA: Indonesia’s central bank cut its key interest rate for a fourth straight month to spur the economy amid a deteriorating outlook for global growth.
SINGAPORE: Southeast Asian stock markets ended higher on Tuesday, with Philippines leading gains, as hopes of a resolution in the long drawn US-China trade dispute revived investor spending.
SINGAPORE: Singapore shares closed at a near three-week high on Monday, boosted by the industrial and real-estate sectors, while Thailand retreated after a surprise fall in its customs-cleared exports for September.
Traditional members of Indonesia’s Baduy tribe shun footwear and live in woven bamboo houses without electricity, harvesting honey from natural beehives and weaving intricate traditional fabrics by hand. Some younger members then sell the stuff on Instagram.
KUALA LUMPUR: Bank Negara and Bank Indonesia (BI) have entered into agreements to further strengthen bilateral monetary and financial cooperation between the central banks.
JAKARTA: Indonesia's central bank on Friday unveiled details of its recently relaxed lending rules and said it was confident commercial banks would remain prudent in credit management, an official said.