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Thailand unveils $10b stimulus package to ease trade war pain

Bloomberg Thailand plans a 316-billion-baht ($10.2 billion) package of government spending and loans to counter an economic slowdown caused by the US-China trade war and currency strength. The package includes help for farmers and people on low incomes, as well as initiatives to bolster consumer spending and investment, Finance Minister Uttama Savanayana said in a briefing in Bangkok. The proposal ...

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China steps up buying soybean from Brazil

Bloomberg China is stepping up its soybean buying in Brazil as growers in Argentina continue to hoard and the Asian nation avoids American oilseed after an escalation in trade tensions between Washington and Beijing. Private and state-owned companies bought 25 to 30 cargoes of soy from Brazil this week through, according to people familiar with the matter, who asked not ...

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Private funding needed for Asia infra: Singapore

Bloomberg Governments in Asia are seeking to tap private investment for the region’s substantial infrastructure needs as the current rate of public financing is “insufficient and unsustainable,” said Indranee Rajah, Singapore’s second minister for finance and education. Globally, government financing accounts for 40% of infrastructure expenditure, and 70% in emerging markets, while in Asia, this stands at 90%. “This rate ...

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