The State Bank of Vietnam (SBV) has officially approved plans to increase charter capital of many State-owned and private banks. Since the beginning of the year, more than 20 banks have raced to raise their charter capital in many forms. As of September 30, VietinBank was the leading bank in terms of charter capital, with […]
Read MoreKUALA LUMPUR, Nov 12 ― The ringgit appreciated by 0.9 per cent against the US dollar as of November 9 (since October 1), broadly in line with the trend in other regional currencies, Bank Negara Malaysia governor Datuk Nor Shamsiah Mohd Yunus said. She said the local note was further supported by an improved domestic […]
Read MoreA large-scale economic recovery plan may be put into motion right in early 2022 upon receiving approval from the National Assembly. Without raising the threshold of fiscal deficit and public debt, Vietnam could miss the opportunity for growth. “A lack of economic growth jeopardizes Vietnam’s possibility of achieving the five-year or 10-year development goals, which […]
Read MoreMANILA, Philippines — Investment commitments in economic zones dropped by 14 percent from January to October as the pandemic continues to dampen investor sentiment, the Philippine Economic Zone Authority (PEZA) said. In a statement yesterday, the investment promotions agency said it approved P62.72 billion worth of investments for 215 projects as of end-October, down from […]
Read MoreThe Bank of Thailand (BoT) expects high headline inflation to be short term and will not pressure monetary policy and the economic recovery. Headline inflation has been rising, mainly due to higher global energy prices, and it is expected to further increase next month, according to the central bank. The BoT maintains its existing assessment […]
Read MoreKuala Lumpur — Malaysia will reopen its borders to international visitors by January 1 at the latest, a government advisory council said on Thursday, as the country seeks to revive its ailing tourism sector. The Southeast Asian country has gradually reopened its economy in recent weeks as coronavirus infection rates have slowed amid a ramped-up vaccination program. More than three-quarters of […]
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