SINGAPORE held on to its first-place seat as the world’s most expensive city for expatriates for the seventh straight year, sharing the top spot with Hong Kong and Osaka. However, the city-state’s gap with other cities narrowed. This was according to findings from The Economist Intelligence Unit’s (EIU) 2020 edition of its worldwide cost of living […]
Read MoreThe National Bank of Cambodia (NBC) today has decided to reduce the interest rate of reserve requirement to seven percent for both local and foreign currencies. A directive released today, signed by NBC Governor Chea Chanto on the Reserve Requirement of the Deposit and Loan for Banking and Finances, says that it is to allow […]
Read MoreThe Central Bank of Myanmar announced on Monday announced that it is revoking the banking licence of locally incorporated Asia Yangon Bank Ltd (AYB). The central said in its announcement that the revocation is for “breaching the country’s existing laws” but did not provide any further details on the matter. Since the announcement, the central […]
Read MoreThe Hanoitimes – Four transaction fees for derivatives market would be adjusted this week with immediate effect. Vietnam’s Ministry of Finance (MoF) has agreed to a proposal from the State Securities Commission of Vietnam (SSC) on reducing fees for a number of brokerage services in a move to help investors and traders cope with effects from […]
Read More[JAKARTA] Indonesia’s currency has been in a freefall, even defying the central bank’s intense market intervention. The decline may now gather further pace as demand for US dollars climb from companies set to repatriate dividends. With the foreign investors adopting a flight-to-quality approach, even the high real returns on Indonesian sovereign bonds won’t be enough to […]
Read MoreThe government on Monday announced that it will implement relief measures to address the possible economic impacts of the COVID-19 pandemic might bring to the country. State Counsellor Daw Aung San Su Kyi said this in televised address to the country about measures that will be taken to prevent, control and treat the virus if […]
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Thailand
