EASING inflation has allowed Vietnam’s central bank to cut interest rates earlier this year, governor Nguyen Thi Hong said on Thursday (Jun 1). The State Bank of Vietnam will prioritise macroeconomic stability and safety of the country’s banking system, she said in a speech to parliament. “The central bank will stick to its strategy of […]
Read MoreThe Bank of the Lao PDR (BOL) has informed key stakeholders of the objectives of its credit policy in order to stimulate economic growth as part of the implementation of a resolution of the National Assembly. A meeting to outline the objectives of the policy was held at the Prime Minister’s Office on Tuesday, chaired […]
Read MoreThailand’s Manufacturing Production Index (MPI) is expected to be tepid this year, with growth of 0-1% because of a combination of business obstacles domestically and overseas, as the April reading was the lowest in 34 months. The April MPI plunged 8.14% year-on-year to 83.5 points, the seventh consecutive decline since October last year, said the Office […]
Read MoreMANILA, Philippines — Inflation likely eased further and settled within the 5.8 to 6.6 percent range in May due to the series of rollbacks in fuel prices, according to the Bangko Sentral ng Pilipinas (BSP). The central bank said the cumulative rollback in the prices of petroleum products, as well as lower poultry and fish […]
Read MoreIndonesia and Malaysia will delay trade talks with the European Union (EU) while they seek fairer treatment for small palm oil producers, the Financial Times reported on Wednesday. Malaysia’s Deputy Prime Minister Fadillah Yusof said the EU’s recently adopted law banning the import of products that come from land cleared of forests was “punitive and […]
Read MoreXinhua – De-dollarisation appears to be an unstoppable trend as countries around the world look to reduce their dependence on the US currency, said Eli Clifton, a senior advisor at the Quincy Institute, in an article posted on the website of Signs of the Times (SOTT) last week. “A major driver is Washington’s weaponisation of its […]
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