[BEIJING] China and Singapore have renewed a bilateral currency swap agreement worth 300 billion yuan (S$59.80 billion) for three years, the central banks of the two countries said on Monday. Under the arrangement, the People’s Bank of China and the Monetary Authority of Singapore (MAS) can access foreign currency liquidity to support trade and investment […]
Read MoreMANILA, Philippines — Amid a new rice regime, the Philippines is seen increasing its imports for the year to 2.8 million metric tons despite an expected improvement in local production of Filipinos’ main staple. The Philippines is seen sourcing some 2.8 million MT as additional imports are set following policy changes removing quantitative restrictions on […]
Read MoreWebsites in Thailand rank higher than the industry average in terms of mobile design and product pages, according to a new study by Google. But they lag when it comes to findability, registration/conversion and speed. Google commissioned Accenture Interactive to seek out top-performing mobile sites in finance, retail and commerce and rank them in the “Masters […]
Read MoreThe Hanoitimes – After several years of high credit growth, domestic credit of the private sector has risen to 130% of GDP from just 20% some 20 years ago. The State Bank of Vietnam (SBV) does not only control credit growth among commercial banks, but also starts to tighten credit growth of consumer finance companies, according […]
Read MorePETALING JAYA: A cut in the statutory reserve requirement (SRR) may be in the offing if liquidity in the banking system is further impacted by foreign capital outflows amid the external headwinds and domestic uncertainties. Some economists agree that SRR could come into play this year if financial conditions tighten further as a result of […]
Read MoreThe Association of Indonesian Retailers (Aprindo) is projecting that retailers will see a 30 to 40 percent increase in sales during Ramadan and Idil Fitri, supported by the inflation rate, which was less than 3 percent in the first quarter. “This [low inflation rate] will create confidence that prices will remain stable,” Aprindo chairman Aprindo […]
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