SINGAPORE (BLOOMBERG) – With great wealth comes great remuneration. Competition to manage the money of Asia’s burgeoning army of millionaires has pushed pay hikes for wealth managers to the highest in more than a decade. Those willing to jump to a rival are getting increases of 30 per cent or more in Hong Kong and […]
Read MoreThe headline inflation rate, as gauged by the increase in the consumer price index (CPI), was 1.62% year-on-year in August, the highest since October 2014, driven by rising prices for energy and fresh food. The Commerce Ministry reported yesterday consumer prices rose for a 14th straight month in August, mainly driven by higher prices for energy, […]
Read MoreThe Finance Ministry, Bank Indonesia (BI) and the Financial Service Authority (OJK) have teamed up to prevent speculative transactions of the US dollar that they believe have sparked negative sentiment in the country’s economy. Finance Minister Sri Mulyani Indrawati said the three institutions under the Financial System Policy Committee (KKSK) would monitor and study the behavior […]
Read MoreThe Hanoitimes – From August 24 to 30, Thailand and Indonesia exported 2,188 and 716 units to the Vietnam`s market, respectively, accounting for 94% of total cars imported to Vietnam. Vietnam imported 3,089 cars worth US$59.27 million from August 24 to 30, more than double the amount of 1,116 cars worth US$26.66 million imported in the […]
Read MoreSINGAPORE – Electronics turned in a robust performance in August to help the overall manufacturing sector record its 24th month of expansion. The Purchasing Managers’ Index (PMI) – a key indicator of economic activity – noted that the electronics sector logged a 0.4-point increase in August from July, to 52.0. A reading above 50 indicates […]
Read MoreJAKARTA (BLOOMBERG, REUTERS) – Indonesia’s central bank is intensifying its fight to protect the nation’s currency and bonds with a slew of measures that includes more hedging tools. Bank Indonesia plans to soon introduce overnight index swaps and interest-rate swaps to widen its pool of hedging tools for investors, exporters and banks. The central bank […]
Read More
Thailand
