SINGAPORE: Asia may be heading for a reordering of sorts in cryptocurrency markets, with Hong Kong moving to legalize retail trading of digital tokens just as Singapore looks to impose fresh restrictions on consumers. Speaking in an interview with Bloomberg Television, Singapore’s central bank chief Ravi Menon had a clear message for other financial centers looking to […]
Read MoreThe baht is moving in line with regional currencies, with external factor the main constraint for managing volatility, Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said on Thursday. The baht should move in line with market forces and the BoT will only manage to curb excessive moves in the currency, Mr Sethaput told reporters. “We […]
Read MoreThe average monthly household income of Cambodian consumers rose in the third quarter of this year as compared to the same quarter last year and the previous quarter, according to a report by Indochina Research. The report expects inflation to rise in the fourth quarter of 2022. The survey ‘A Light Glimpse of Cambodia’ for […]
Read MoreVietnamese import and export value surged by 14.5% to reach over US$580 billion by mid-October, with the country posting a trade surplus of approximately US$7 billion, according to statistics given by the General Department of Vietnam Customs. Foreign-invested enterprises (FIEs) continue to play an important role in terms of the country’s trade value, with the […]
Read MoreSINGAPORE’S core inflation is expected to be driven more by domestic inflation than external pressures in 2023, with inflation slowing but staying high over the course of the year, according to the Monetary Authority of Singapore’s (MAS) latest macroeconomic review on Thursday (Oct 27). Domestic inflation is likely to persist at elevated rates for some […]
Read MoreMANILA, Philippines — The Philippine economy is on track to grow by 6.5 percent this year, with consumption spending and hiring seen to continue in preparation for the Christmas season despite high inflation, according to First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) Capital Markets Research. “We still see GDP […]
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