Home Tags ASEAN

Tag: ASEAN

Fitch: Fintech Acquisitions May Affect Competition Among ASEAN Banks

JAKARTA (TheInsiderStories) - Recent acquisitions of small banks in Indonesia by tech firms have highlighted the potential for financial technology (FinTech) entrants to shake up the...

BI and Bank of Thailand Expands Local Currency Settlement

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) and Bank of Thailand (BoT) announced the expansion of Local Currency Settlement framework which includes expanding the 'underlying' to direct...

IHS Markit: RCEP Boost Asia – Pacific Trade Outlook

JAKARTA (TheInsiderStories) - Asia-Pacific exports suffered a severe slump in the first half of 2020 due to the shockwaves from the global COVID-19 pandemic and widespread...

After 10 Years of Negotiating, RCEP Signed by ASEAN and Partners

JAKARTA (TheInsiderStories) - It was a momentous day as Leaders of Association Southeast Asian Nations (ASEAN), Australia, China, Japan, Republic of Korea and New Zealand witnessed...

President Widodo Pushes ASEAN to Open Travel Bubble in 1Q 2021

JAKARTA (TheInsiderStories) - President Joko Widodo pushed Association Southeast Asian Nation (ASEAN) member countries to open travel bubble in the first quarter of 2021 to rejuvenate...

Morning Briefing: Various Things to Know on Friday

JAKARTA (TheInsiderStories) - Good Morning! The United States (US) treasury department reported budget deficit in October rose 111 percent to US$284 billion from a year ago stood...

Morning Briefing: Various Things to Know on Thursday

JAKARTA (TheInsiderStories) - Good Morning! Leaders of Association of Southeast Asian Nation (ASEAN) have a high level meeting today through a video-conference to discuss various issues around...

ADB: MSMEs Key to Southeast Asia’s Post COVID-19 Recovery

JAKARTA (TheInsiderStories) - Strengthening the dynamics of micro, small, and medium enterprises (MSMEs) with innovation and internationalization will be key to revitalizing Southeast Asian economies devastated...

Japan Gives Soft Loan US$474M to Indonesia

JAKARTA (TheInsiderStories) - Japanese Prime Minister, Yoshihide Suga, said will provides a low-interest loans worth of JPY50 billion (US$474.15 million) to support Indonesia to strengthen the disaster...

EU-ASEAN Business Council: ASEAN is Still the Best Economic Areas

JAKARTA (TheInsiderStories) - The EU - ASEAN Business Council, reported 56 percent of European Union businesses have plans to expand operations in the Southeast Asian (ASEAN) region....

Indonesian Bolster Up Local Non-Life Insurance Firm Enters ASEAN Market

JAKARTA (TheInsiderStories) – Indonesia' House of Representatives ratifies the Seventh Package of Commitments on Financial Services under the Association of Southeast Asian Nation Framework Agreement on Services...

Morning Briefing: Various Things to Know on Friday

JAKARTA (TheInsiderStories) - Good Morning! The Association of Southeast Asian Nations (ASEAN) held The 6th Finance Ministers and Central Bank Governors’ meeting through a video conference...

ASEAN Explores the Bilateral Cooperation with Britain

JAKARTA (TheInsiderStories) - The Association of Southeast Asian Nations (ASEAN) ministers explores the potential of mutually beneficial economic and trade cooperation with Britain. Both parties...

Global Supply Chain Shifts Give Implications for ASEAN Economies

JAKARTA (TheInsiderStories) - Moody's Investors Service says that shifting supply chains, as countries reconfigure trade relationships following the coronavirus crisis, will have mixed credit implications for...

Singapore Enters Recession, the Economic Growth Fell to 13.2%

JAKARTA (TheInsiderStories) - Singapore' economic growth fell to 13.2 percent in the second quarter (2Q) of 2020 due to the circuit breaker measures that were implemented from April...

ASEAN Looks to Keep Ties with China, Ignoring Arbitral Ruling

JAKARTA (TheInsiderStories) - The ASEAN countries look to maintain their ties with China despite the United States' (US) full-throated backing of an international ruling...

Indonesian Leads Export Car to Vietnam, Surpassed Thailand

JAKARTA (TheInsiderStories) - Indonesia lead export cars to Vietnam and surpassed Thailand as the major supplier, the customs office reported on Friday (07/03). In the...

ASEAN Leaders Highlight COVID-19 Responses, Strengthen the Cooperation

JAKARTA (TheInsiderStories) - Strengthening the cooperation between the countries around the region is a crucial thing that must be done during the pandemic period to accelerating...

Morning Briefing: ASEAN Leaders to Convene Online

JAKARTA (TheInsiderStories) - Good Morning! The Association Southeast Asian Nation (ASEAN) Leaders will convene today to discuss how to further strengthen cooperation on public health...

ASEAN-5 Face Rising Credit Risk as Stimulus Fails to Offset COVID-19...

JAKARTA (TheInsiderStories) - Policy measures taken by the ASEAN-5 economies – Indonesia (Baa2 stable), Malaysia (A3 stable), the Philippines (Baa2 stable), Vietnam (Ba3 negative), and Thailand...

Indonesia, Others Commits to Sign the RCEP in This Year

JAKARTA (TheInsiderStories) - Indonesia and other members of Regional Comprehensive Economic Partnership (RCEP) committed to sign the agreement in this year. The decision has been made during a virtual ministerial...

Singapore Downgrades Economic Growth Forecast to “-7.0%”

JAKARTA (TheInsiderStories) - Singapore' government downgraded the 2020 economic growth forecast from contraction 0.4 percent to (7.0 percent) caused the COVID-19 outbreak, said the ministry...

Bank of Thailand Cuts the Policy Rate in May to 0.50%

JAKARTA (TheInsiderStories) - Bank of Thailand (BoT) cut the policy rate by 0.25 percentage point from 0.75 to 0.50 percent in this month, a third trimming so...

ASEAN Leaders Join Hands to Fight COVID-19

JAKARTA (TheInsiderStories) - Leaders of the Association of Southeast Asian Nations (ASEAN) support reallocating existing available funds, encourage technical and financial support, including the proposed establishment...

Morning Briefing: ASEAN Summit Discusses COVID-19 Today

JAKARTA (TheInsiderStories) - Good Morning! The Special ASEAN Summit and the ASEAN Plus Three related to COVID-19 via video conference will be held today (04/44). President...

ASEAN, China Discuss COVID-19 Effects to the Region

JAKARTA (TheInsiderStories) - Foreign ministers Association of Southeast Asian Nations (ASEAN) and China discussed the outbreak of the Coronavirus Disease 2019 (COVID-19) at the special meeting...

Singapore Downgrades Economic Growth Over Coronavirus

JAKARTA (TheInsiderStories)- Singapore' trade and industry ministry (MTI) has downgraded the GDP growth forecast from -0.5 to 1.5 per cent in this year, with...

Indonesia’s Bank Mandiri Looks Three South East Asia Countries

JAKARTA (TheInsiderStories) - PT Bank Mandiri Tbk (IDX:BMRI), to expand its businesses to Philippines, Malaysia and Vietnam, the director told reporters on Monday (12/09)....

Indonesia, Vietnam Eyes Trade Values US$10B in 2020

JAKARTA (TheInsiderStories) - Indonesia and Vietnam wants to lifted the bilateral trade revenues to US$10 billion in 2020 from, local media reported on Thursday (11/14). Based...

IMF: ASEAN’s Economy Decelerating Amid Global Uncertainty

JAKARTA (TheInsiderStories) - Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, rated Southeast Nation (ASEAN) countries' economy now decelerating amid the global uncertainty. As...