HANOI: The State Bank of Vietnam (SBV) has effectively devalued the dong currency by widening the exchange rate trading band to 5.0% from 3.0% on Monday, following a sharp fall in the currency resulting from fluctuations in the global market. The dong fell 0.66% to a record low of 24,270 per dollar on Monday, Refinitiv Eikon […]
Read MoreBANGKOK, Oct 5 (Reuters) – Thailand’s headline inflation rate was less than expected in September, decelerating from the previous month, data showed on Wednesday, but above-target consumer prices reinforced expectations of a further interest rate hike in November. The headline consumer price index (CPI) rose 6.41% in September from a year earlier, helped by easing […]
Read More(Bloomberg) — Indonesia’s central bank could settle for quarter-point moves at its upcoming policy rate meetings after September inflation came in lower than estimates despite the fuel price hike, economists said. The impact of higher gasoline prices is more subdued than expected, while food costs have likely peaked with the onset of the harvest season, […]
Read MoreJAKARTA – Indonesia’s central bank governor said on Wednesday the cross border payment program between five Asean countries, namely Thailand, Singapore, Malaysia, Philippines and Indonesia will be fully connected next year. Governor Perry Warjiyo said at an Islamic economics event that Indonesia has connected its payments system with Thailand, and will do so soon with […]
Read MoreThe Sultanate ranked first globally in cost of redundancy dismissal, second globally in applied tariff rate, third in political and operational stability, fourth in pupil-teacher ratio and in graduates in science and engineering. This was revealed in the recently-published 2022 Global Innovation Index (GII). Brunei Darussalam was 47th among the 48 high-income group economies. The […]
Read MoreSINGAPORE, Oct 5 — Property buyers are facing the highest housing loan interest rates in years, with some close to 4 per cent per annum, even while more Singaporeans seek to protect their savings by opening fixed deposit accounts with banks here. However, as interest rates are going up, several banks have also reported a […]
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