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WASHINGTON (Reuters) - The International Monetary Fund said on Tuesday that global current account imbalances narrowed in 2019 as trade slowed, and the coronavirus could narrow them further in 2020, but some commodity exporters and tourism-dependent countries will swing to current account deficits.
DHAKA, Aug. 3 (Xinhua) -- Bangladesh registered a current account deficit of nearly 5 billion U.S. dollars in the last 2019-20 fiscal year (July 2019-June 2020), Bangladesh Bank (BB) data showed Monday.
SINGAPORE, Aug 3 (Reuters): Philippine stocks tumbled on Monday as data showing a plunge in May remittances accelerated a sell-off initially fuelled by concerns over a lockdown extension in and around the capital.
JAKARTA: Indonesian state oil company PT Pertamina is set to test the production of jet fuel made up of 3% palm oil by the end of the year, chief executive Nicke Widyawati said yesterday.
BANGKOK: Thailand and Taiwan may be added to the US watchlist for currency manipulation after meeting all of the criteria set out by the Treasury Department, according to UBS Group AG.
BANGKOK: Thailand’s central bank chief said it would take several years for foreign tourist numbers to return to the 40 million a year level, with the coronavirus pandemic hitting a lucrative industry that provides a lot of jobs, Reuters reported.
Decade-long reign of the greenback has likely peaked, structural weakness observed
Jakarta: Indonesia's state oil company PT Pertamina produced its first successful batch of biodiesel made up of 100% palm oil (D100) in its Dumai refinery last week and is set to produce 1,000 barrels per day (bpd), the company said on Wednesday.
PETALING JAYA: China is the only major trading partner that offers a bright spot for Malaysia’s exports at a time when a recovery in trade seems far from sight, according to Socio-Economic Research Centre (SERC) executive director Lee Heng Guie.