The central bank said local banks that meet liquidity requirements and offer low-interest rates for loans are qualified for the new policy, citing more favourable conditions and system-wide improved liquidity. HANOI — The State Bank of Vietnam has raised the domestic banking system’s credit growth by 1.5-2.0 percentage points from the previous 14 per cent […]
Read MoreLaos saw an increase in inflation once again in November at 38.46 percent, according to the latest report from the Lao Statistics Bureau (LSB). November’s year-on-year inflation rate reached a new high of 38.46 percent, up from 36.75 percent in October. Most people in the country continue to be adversely affected as the cost of living rose […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia governor Perry Warjiyo in the central bank’s annual meeting on Wednesday said there are at least five risks that must be watched out for amidst the global economic turmoil, including stagflation and reflation. He mentioned the war between Russia and Ukraine as one of the factors that contributed to the global economic dynamics, […]
Read MoreThailand’s exports may be flat or fall by 1% to 2% in November from a year earlier following a drop in October, as global demand slowed, the national shippers group said on Tuesday. Exports, a key driver of growth, are still expected to rise 7% to 8% in the whole of 2022 and increase 2% […]
Read MoreMANILA, Philippines (Updated 11:10 a.m.) — Filipino consumers did not get their much-needed respite from high prices last month after inflation quickened faster than expected in November. At a briefing on Tuesday, the Philippine Statistics Authority reported that inflation surged 8% year-on-year in November. This was faster than the 7.7% recorded in the previous month and the highest […]
Read MoreINDONESIA is setting out its plans and concept for the digital rupiah, a blockchain-based currency, starting with transactions between local banks. The so-called “Project Garuda” — named after the mythical bird — is Bank Indonesia’s attempt at experimenting with central bank digital currencies (CBDC) to safeguard its position as the sole authority issuing legal tender […]
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