SINGAPORE: Singapore banking system has insignificant exposure to failed banks in the United States, its central bank said on Monday. Banks in Singapore are well capitalised and conduct regular stress tests against interest rate and other risks, the Monetary Authority of Singapore (MAS) said in a statement. MAS is in close touch with local authorities […]
Read MoreThe collapse of Silvergate Bank and Silicon Valley Bank in the United States is unlikely to have any impact on Thailand because Thai banks do not invest in them, according to a government spokeswoman. Traisuree Taisaranakul, deputy government spokeswoman, said on Monday that the collapse of the two banks in the US last week caused fluctuations worldwide […]
Read MoreCambodia’s exports of garments, footwear and travel (GFT) goods declined by nearly 25 percent in February 2023, compared to the same period in 2022, continuing a trend that started nearly six months ago raising fears of factory closures and job losses. While Cambodia exported GFT goods worth $986 million in February 2022, it managed to […]
Read MoreKUALA LUMPUR, March 13 — Malaysia’s wholesale and retail trade grew 12.4 per cent year-on-year (y-o-y) in January 2023 to record monthly sales value of RM135.1 billion, the Department of Statistics Malaysia (DoSM) said. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase was attributed to the retail trade sub-sector, which recorded an […]
Read MoreIndonesia needs to raise its economic growth to an average of 6% annually to maintain the right pace to become the world’s fifth-biggest economy by 2045. Jakarta (VNA) – Indonesia needs to raise its economic growth to an average of 6% annually to maintain the right pace to become the world’s fifth-biggest economy by 2045. Former finance minister […]
Read MoreInternet penetration and social media use increased in Laos in 2023, with internet speeds increasing and more adoption of mobile phones. Meltwater and We Are Social have revealed their joint global digital overview report for 2023, releasing digital information and data across the world, including Laos. The population around the world using the internet has surged to 5.16 […]
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