Bank Indonesia will introduce domestic non-deliverable forward (DNDF) transactions on Nov. 1, a policy that is expected to ease external pressure on the rupiah. BI monetary management executive director Nanang Hendarsah said 11 banks would be involved in a simulation for DNDF transactions. The banks are Bank Mandiri, BNI, BRI, BCA, HSBC, Maybank, Deutche Bank, […]
Read More(KPL)The Joint Stock Commercial Bank for Foreign Trade of Vietnam, Vietcombank, officially inaugurated its Vietcombank in Vientiane on Oct 19. Located on Lane Xang Avenue, a finance-banking hub in downtown Vientiane, the Vietcombank Laos chapter has a charter capital of US$ 80 million, the highest among Vietnamese credit institutions in the country. Vietcombank Laos will […]
Read MoreKUCHING: Local authorities looking to implement a digital tax on eCommerce transactions may have indirect impact on logistic players in the form of parcel delivery volume growth. The research team at Affin Hwang Investment Bank Bhd (AffinHwang Capital) in a special report said Malaysia was not alone with conventional tax mechanisms falling behind the emerging […]
Read MoreHousing loans and repayments of those loans in monthly instalments have begun to flourish in Myanmar’s real estate market since the beginning of this year, as more construction companies and real estate developers collaborate with banks to make home ownership more accessible. These days, banks are offering home loans at a specified interest rate and […]
Read MoreThe Bank of Thailand has moved to calm jitters, saying the real estate market is unlike the 1997 financial meltdown and tighter mortgage lending measures are considered “preventive”. “It is similar to preventing a fire when we see smoke,” Wajeetip Pongpech, assistant governor for the financial institutions policy group, said in a statement released on […]
Read MoreSingapore’s core inflation gauge in September missed forecasts and edged down slightly to 1.8 percent from a year earlier due to lower retail inflation, data showed on Tuesday. September’s data comes weeks after Singapore’s central bank tightened monetary policy for the second time this year and announced that inflation is projected to rise in the […]
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