The prudential monetary policies and Riel promotion have built price stability of Riel, which earned public trust over the circulation of the national currency, said a senior official at the National Bank of Cambodia. Chea Serey, Director General of Central Banking of the National Bank of Cambodia, made the remarks during an event on promoting […]
Read MorePETALING JAYA: Economists say Malaysia’s inflation will ease towards year-end in tandem with the deceleration of the global economy after prices rose the fastest in more than a year. Inflation in July jumped 4.4%, the highest since April 2021, said the Statistics Department. This was largely due to the low inflation base last year. Speaking […]
Read MoreMANILA, Philippines — A rapid rise in inflation may raise borrowers’ default risks in the Philippines, according to Moody’s Investors Service. In a report, the debt watcher said an acceleration in inflation has historically resulted in increases in non-performing loans (NPLs) among members of the Association of Southeast Asian Nations (ASEAN). “Although higher interest rates […]
Read MoreVietnam will move to attract large enterprises and corporations with high technology, said Nguyen Anh Tuan, deputy director of the Ministry of Planning and Investment’s Foreign Investment Agency. At the same time, the country will prioritise investment projects in high technology, supporting industry, and digital economy innovation, especially in the automotive industry, to create favourable […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have agreed to initiate cooperation on cross-border Quick Response or QR code-based payment linkage between Indonesia and Singapore to encourage payment connectivity in ASEAN. “Bank Indonesia believes that the initiative marks an important milestone in strengthening bilateral financial cooperation between Singapore and Indonesia,” Governor of Bank […]
Read MorePETALING JAYA: Asean economies, including Malaysia, are experiencing a “partial decoupling’’ from the world’s largest economic powerhouse, the United States. Maybank IBG Research laid out six arguments in its latest report, highlighting that Asean economies were becoming less exposed to the US economic downturn and potential recession. Pointing out that Asean was emerging as a […]
Read More
Thailand
