The Securities and Exchange Commission (SEC) says listed companies investing in cryptocurrency and digital assets must have risk management systems in place to reduce the impact of market volatility. The cryptocurrency market has continued to decline amid heavy sell-offs, with its market value having plunged about 70% in seven months. As of 3pm on Wednesday, […]
Read MoreMANILA, Philippines — Sales of local car and truck assemblers went up by a fifth in May from a year ago, amid improving economic conditions. The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) released a joint report yesterday which showed their combined sales reaching 26,370 units in May, […]
Read MoreThe Bank of Thailand (BoT) said on Wednesday it was closely monitoring capital movements and the baht currency and was ready to take action on any excessive volatility. The weakening and fluctuation of the baht were driven by expectations the US Federal Reserve would accelerate policy tightening, and concerns over a global economic slowdown, said […]
Read MoreThe banking sector stands ready to provide sufficient capital for economic development. Vietnam’s credit growth as of June 9 expanded by 8.15% against late 2021 and up 17.09% year-on-year, which is in line with the ongoing economic recovery process. Vice Governor of the State Bank of Vietnam (SBV) Dao Minh Tu revealed the figures at […]
Read MoreGovernment leaders are publicly making a case for keeping interest rates lower for longer, a call that is putting them at odds with the nation’s monetary policy makers who are keen to raise borrowing costs sooner to keep inflation from overheating. Energy Minister Supattanapong Punmeechaow on Tuesday warned about risks to economic growth from higher […]
Read MoreJAKARTA : Indonesia’s trade surplus narrowed more than expected in May, as exports grew more slowly than predicted due to the country’s ban on palm oil shipments, data from the statistics bureau showed on Wednesday. The resource-rich country has been enjoying an export boom since last year on the back of a surge in commodity […]
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