KUALA LUMPUR: Bank Negara Malaysia’s Monetary Policy Committee (MPC) decided to maintain the Overnight Policy Rate (OPR) at its historical low of 1.75%. In a statement issued on Thursday, it said the cumulative 125 basis points reduction in the OPR this year will continue to provide stimulus to the economy. “Given the outlook for growth […]
Read MoreThe Hanoitimes – Many listed banks witnessed weak performance of fee income growth in the first six months of the year due to the Covid-19 pandemic. Payment fees and card fees are expected to maintain growth momentum upon the promotion of non-cash payment, as banks are focusing on the retail segment and digital transformation, according to […]
Read MoreConsumer sentiment rose for a fourth straight month in August, boosted by the continued easing of coronavirus curbs, state relief programmes, the Bank of Thailand’s decision to keep its policy rate unchanged and lower diesel prices. The University of the Thai Chamber of Commerce (UTCC) reported on Wednesday the consumer confidence index rose to 51 in […]
Read MoreMANILA:The Philippine central bank said bond sales will become its main tool to control liquidity in the financial system, with its maiden sale of the securities on track for this quarter. “The Bangko Sentral ng Pilipinas securities, over time, shall be considered the BSP’s main liquidity tool for locking in structural liquidity surplus, ” the […]
Read MoreMyanmar is a step closer to allowing companies to challenge a bid from China Communications Construction Company (CCCC) to build the behemoth New Yangon City project, after hiring German consulting firm Roland Berger to oversee the tendering process. The so-called Swiss challenge will give the Southeast Asian nation the opportunity to demonstrate transparency in its […]
Read MoreJAKARTA: Indonesia must synchronise monetary and fiscal policies better to tackle economic pressures caused by the pandemic, although the government does not back a proposal for a monetary board to oversee the country’s central bank, a top minister told Reuters. Coordinating Minister of Economic Affairs Airlangga Hartarto said the government was seeking to strengthen financial […]
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Thailand
