The Hanoitimes – The Vietnamese banking authority may have to sell more foreign currency if the US dollar keeps appreciating. The State Bank of Vietnam (SBV), the country’s central bank, has sold US$2.5 billion in foreign currency to commercial banks since mid-July and may make further intervention in the time to come, in a bid to […]
Read MoreJAKARTA: Indonesia plans to require all diesel fuel used in the country contain biodiesel starting next month to boost palm oil consumption, slash fuel imports, and narrow a yawning current account gap. While the proposal has been welcomed by the palm oil industry and government, it has raised concerns among the automobile industry the fuel […]
Read MoreThe Bank of Thailand has instructed all banks to make cybersecurity a priority, develop systems to tackle unauthorised access and offer compensation in the event of financial losses from a data breach. The central bank recently summoned board members of all banks to discuss the recent cyber-attack and requested that they draft important policies to protect […]
Read MoreAs President Joko “Jokowi” Widodo is running for a second term in 2019, he may be pinning his hopes on Indonesia’s consumers, who have become the country’s engine for economic growth in the second quarter this year. The country’s gross domestic product (GDP) expanded by 5.27 percent year-on-year (yoy) during the second quarter of 2018, […]
Read MorePETALING JAYA: Pundits have cautioned that Malaysia could become an unlikely victim of a full-blown trade war between the United States and China, taking a contrasting viewpoint from Prime Minister Tun Dr Mahathir Mohamad, who believes it will benefit the local economy. Worsening Sino-US trade tensions are expected to put more pressure on Malaysia’s already […]
Read MoreMANILA, Philippines — The peso gained 30 centavos yesterday to break the 53 to $1 level, ahead of the much anticipated third rate hike by the Bangko Sentral ng Pilipinas (BSP) on Thursday to curb rising inflationary pressures. The local currency closed at 52.85 yesterday from Friday’s 53.15, opening stronger at 51.1 and hitting an […]
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