The story of economic growth within the Association of Southeast Asian Nations (ASEAN) is a remarkable one.
After a turbulent past few months, the performance of the Indonesian rupiah in the exchange market is finally looking up. The Indonesian rupiah was trading at 13,370 rupiah per United States (US) dollar on Wednesday.
Thailand’s already “very accommodative” monetary policy is fuelling robust growth that’s spreading across the economy, said Bank of Thailand Governor Veerathai Santiprabhob.
Malaysia, and to a lesser degree Indonesia, Thailand and the Philippines, remain more exposed to exchange rate risk than other developing economies in East Asia and the Pacific as global financial conditions tighten, the World Bank said.