KUALA LUMPUR: Malaysia’s central bank raised its benchmark interest rate for the third straight meeting on Thursday (Sep 8), as it looks to tame rising inflation. Bank Negara Malaysia (BNM) lifted its overnight policy rate by 25 basis points to 2.50 per cent, as expected by 19 of 20 economists polled by Reuters. BNM said […]
Read MoreVietnam is among the top 10 countries with the largest number of cryptocurrency holders, posing a high risk of money laundering and being a route for criminals to exploit for terrorist activities. Vietnam has a large crypto community, but the fact that cryptocurrencies are not considered legal tender and exchanges has heightened the risk of money laundering […]
Read MoreThe price of cooking gas for household use will remain capped at 24.87 baht per kilogramme until the end of October, requiring a government subsidy of 7.87 baht per kg, the Energy Policy Administration Committee said on Thursday. The committee had earlier been expected to start raising the price of of liquefied petroleum gas (LPG) by […]
Read MoreKUALA LUMPUR: At the conclusion of its monetary policy committee (MPC) meeting, Bank Negara increased the overnight policy rate by 25 basis points to 2.5%, in line with market expectations. In a statement, it said it increased the ceiling and floor rate of the corridor of the OPR to 2.75% and 2.25% respectively. “At the […]
Read MoreKUALA LUMPUR (Sept 8): Many new digital banks in the Asia-Pacific region will find it more challenging to achieve financial viability as interest rates increase, economic growth slows, and funding conditions tighten, according to Fitch Ratings. In a statement on Wednesday (Sept 7), it said a softer economy could also affect the banks’ target customers […]
Read MoreYear-on-year inflation in Laos increased to 30 percent in August, according to the latest numbers from the Lao Statistics Bureau. The inflation rate for August has been reported at a whopping 30 percent with a 2.5 percent increase from July’s figure of 27.5 percent. The price of food and non-alcoholic beverages has surged by 30.2% […]
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Thailand
