Jakarta. Indonesian central bank’s latest decision to keep its benchmark interest rate may indicate that it has no further room to lower its interest rate this year as higher global yields growing higher and weaker rupiah limit its options, shifting the crux to the local banks lower to their lending interest rates to support the economy. Bank Indonesia, the […]
Read MoreIn aiming to make its insurance-linked securities (ILS) regulatory environment as appealing as possible, the government of Singapore is listening to market participants and enhancing rules surrounding ILS and catastrophe bond issuance structures, to reduce friction for sponsors and other parties involved in transactions. Ever since the start of Singapore’s journey into insurance-linked securities (ILS), […]
Read MoreIn case the US can fully disburse the entire US$1.9-trillion stimulus package, Vietnam’s GDP could expand by an addition of 0.76 percentage points. Vietnam could reach an economic growth in range of 6-6.3% in case the Covid-19 pandemic is fully contained domestically and the global economy returns to its upward trend. Chief Economist of the […]
Read MoreMANILA, Philippines — Forgone wages during the month-long quarantine restriction are expected to reach P83.3 billion as the government continues to rely on lockdowns to control surging COVID-19 cases. During the Cabinet meeting with President Duterte late Monday night, acting Socioeconomic Planning Secretary Karl Chua said loss of jobs and incomes is the consequence of […]
Read MoreHe predicted that in the short term the baht would weaken due to several factors, including the Covid-19 crisis in Thailand and other countries. Poon explained that the crisis has forced people to hold onto their safe-haven assets – the dollar, for example. He predicted the baht throughout the week would come under pressure from […]
Read MoreCambodia’s digital retail ecosystem was ranked first in Asia and second globally in the PricewaterhouseCooper (PwC) inaugural Central Bank Digital Currency (CBDC) Global Index. “Looking at the most advanced projects globally, retail efforts have already produced two live projects in the Bahamas and Cambodia,” the report said. “No interbank/wholesale CBDC projects have reached this maturity […]
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Thailand
