Pakistan acknowledged US support in three critical issues for the country.* *Adviser on Finance and Revenue Dr Abdul Hafeez Shaikh has said …
Turns out cash-strapped Pakistan government will use coronavirus aid to pay bills
The cash-strapped Pakistan government, a few days ago, planned to seek USD 2 billion in new foreign loans from the global financial bodies to respond to the coronavirus crisis. The loans that Pakistan …
Indonesia raises 24.35 trln rupiah from debt auction, above target
Indonesia raised 24.35 trillion rupiah ($1.69 billion) from a bond auction on Tuesday, above the 20 trillion rupiah indicative target, the finance ministry said. JAKARTA, June 2 (Reuters) – Indonesia …
Indonesia imposes tariffs on some textile imports until 2022
Indonesia has imposed tariffs on imports of some textile products for the period until November 2022, according to a finance ministry regulation, in a bid to protect local producers from a surge of …
Indonesia bonds, rupiah jump as yield-hungry investors return
Rupiah hits 12-week high, 10yr yield hits 12-week low. Dollar weakness drives search for yield – analyst. Writes through, addin …
Nissan to close two plants amid financial struggle from pandemic
Japanese automaker Nissan plans to close auto plants in Spain and Indonesia after sinking into the red for the first time in 11 years as the …
India’s Credit Rating Cut Puts It One Step Away From Junk
India’s credit rating moved one step closer to junk after Moody’s Investors Service downgraded the nation to the lowest investment grade level and surprised economists by keeping it on a negative …