Bloomberg Thailand said its latest round of stimulus will spur more than 100 billion baht ($3.3 billion) of spending, as it steps up efforts to fight an economic slowdown caused by baht strength and the US-China trade war. “The measures are to help sustain the economy amid global uncertainty,” finance minister Uttama Savanayana said in a briefing in Bangkok, adding ...

Bloomberg The venture capital arm of PT Bank Mandiri thinks electronic payment platforms will only ever be profitable by serving as gateways to more lucrative services. Otherwise, they’re “just a cash-burning exercise,” said Eddi Danusaputro, chief executive officer of PT Mandiri Capital Indonesia. The race for customers in Indonesia is so intensive that e-payment providers have been willing to offer ...

Bloomberg Goldman Sachs Group Inc recommends buying the Chinese yuan on a bet the US will roll back some of its additional tariffs on the Asian nation. The investment bank also likes the Indonesian rupiah due to its relatively high interest rates, and sees further gains in Thailand’s baht given the country’s persistent current-account surplus, Zach Pandl, co-head of global ...