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SE Asia Stocks-Thailand gains on stimulus boost, Singapore wilts on bleak data



  • Source: Yahoo Philippines News - - Read: 0

    Summary:

     

    • Thai finmin announces plans of $10 bln stimulus package * Singapore ends lower on weaker non-oil exports data * Indonesian govt proposes a $177 bln budget By Soumyajit Saha Aug 16 (Reuters) - Thai shares gained on Friday, in line with broader Asian peers, as the local government hinted plans of an economic stimulus shortly after China prepped plans to boost its disposable income, while the Singapore index faltered on weak export data. Sentiment got a lift when China's state planner said on Friday that Beijing would roll out a plan to boost disposable income this year and in 2020 to spur consumption as the economy slows. Meanwhile, Thailand's finance minister on Friday also announced plans for a $10 billion stimulus package to help support a slowdown in the economy. The government is ta ...

     

     

    Read Full News: https://ph.news.yahoo.com/se-asia-stocks-thailand-gains-104935894.html


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