JAKARTA (Reuters) – Indonesia’s annual inflation rate in December was 1.57%, barely changed from 1.55% in the previous month, official data showed on Thursday, and close to economists’ estimate of a 1.60% rate in a Reuters poll. The annual core inflation rate, which strips out government-controlled prices and volatile food prices, was 2.26% in December, …
Indonesia’s Dec inflation at 1.57% y/y, as expected Read More »
By Cynthia Kim and Jihoon Lee SEOUL (Reuters) -South Korea released policy plans on Thursday to spur foreign inflows for stability in financial markets and boost domestic demand amid weakening consumer confidence, as the economy faces heightened uncertainty from an unprecedented political crisis. The finance ministry said in economic policy plans for the year ahead …
South Korea to spur foreign inflows, consumer demand amid political crisis Read More »
BANGKOK (Reuters) – Uncertainty around the Thai economy has significantly increased primarily due to the unclear impact of possible U.S. economic policies, minutes of the Bank of Thailand’s Dec. 18 monetary policy meeting showed on Thursday. At the meeting, the BOT’s monetary policy committee unanimously voted to leave the one-day repurchase rate unchanged at 2.25%, …
Thai economic uncertainty has increased, central bank minutes say Read More »
JAKARTA (Reuters) -Indonesia’s budget deficit for the 2024 fiscal year came in below the government’s most recent estimate of 2.7% of gross domestic product, Finance Minister Sri Mulyani Indrawati said on Thursday. Without mentioning the exact figure, Sri Mulyani said the deficit was almost as narrow as the government’s original plan to keep the fiscal …
Indonesia says 2024 budget deficit lower than 2.7% of GDP estimate Read More »
WASHINGTON (Reuters) -Chinese government hackers breached the U.S. Treasury office that administers economic sanctions, the Washington Post reported on Wednesday, identifying targets of a cyberattack Treasury disclosed earlier this week. Citing unnamed U.S. officials, the Washington Post said hackers compromised the Office of Foreign Assets Control and the Office of Financial Research and also targeted …
Chinese hack of US Treasury breached sanctions office, Washington Post says Read More »
By Jihoon Lee SEOUL (Reuters) – South Korea’s exports grew at a faster pace in December, beating market expectations, and ended the year with a record performance, trade data showed on Wednesday, though risks loom in the year ahead. Exports by Asia’s fourth-largest economy rose 6.6% in December from a year earlier, compared with a …
South Korea export growth rebounds in December, but risks loom Read More »
SEOUL (Reuters) – South Korea’s central bank governor said on Thursday the pace of monetary policy easing would need to be flexible this year due to heightened political and economic uncertainty. “This year, conditions surrounding our economy will be more difficult than ever before,” Bank of Korea Governor Rhee Chang-yong said in a New Year’s …
Bank of Korea governor says monetary easing this year will be flexible Read More »
BEIJING (Reuters) – China’s Alibaba Group Holding Ltd said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.58 billion). The 78.7% share represents holdings held by Alibaba subsidiaries, according to a filing to the Hong Kong …
China’s Alibaba to sell Sun Art stake to DCP for $1.6 billion Read More »
By Hyonhee Shin and Eduardo Baptista SEOUL/MUAN COUNTY, South Korea (Reuters) -The investigation into the crash of a South Korea passenger jet gathered pace on Wednesday as bereaved families began to prepare funerals after authorities finished formally identifying the 179 victims of the country’s worst air disaster. The transport ministry said South Korean investigators have …
South Korea crash investigation ramps up as funeral procedures begin Read More »
By Ariba Shahid KARACHI (Reuters) – Pakistan’s consumer inflation rate slowed to 4.1% year on year in December, the statistics bureau said on Wednesday, the lowest in more than 6-1/2 years. The South Asian country is navigating a challenging economic recovery path buttressed by a $7 billion facility from the International Monetary Fund (IMF) granted …
Pakistan’s annual inflation slowed to 4.1% in December Read More »
