HANOI: The State Bank of Vietnam should continue to take measures against dollarisation and goldenisation in the domestic economy as the markets remain potential risks to rising speculation and hoarding of assets, experts say. In recent years, dollarisation and goldenisation have been strictly controlled in the country, which has helped to stabilise the Vietnamese dong […]
Read MoreMANILA, Philippines — President Ferdinand Marcos Jr. has ordered the Department of Agriculture to speed up the importation of 64,050 metric tons of refined sugar to stabilize the prices of the commodity. In a memorandum order dated Tuesday, DA senior undersecretary Domingo Panganiban said Marcos was “concerned” with the “very high” November inflation rate for […]
Read MoreLaunching a loan restructuring program, or similar initiatives such as loan repayment assistance or a loan moratorium, is common practice among ASEAN+3 governments responding to the financial distress caused by the COVID-19 pandemic. From a financial stability perspective, however, the loan restructuring program runs the risk of masking the true quality of loans. Banks are […]
Read MoreAccording to the Lao Trade Portal, the November trade deficit figure of USD 45 million is quite low compared to September and October figures of USD 233 million and USD 230 million respectively. The overall value of Laos trade was USD 1.08 billion in November this year, with USD 519 million in exports and USD […]
Read MoreCambodia’s international reserves are broadly adequate, the Executive Board of the International Monetary Fund (IMF), which concluded the Article IV consultation with Cambodia, said. “The current account deficit in 2021 was mostly, but not fully, offset by similar magnitude of capital inflows along with valuation effects stemming from non-US$-denominated assets,” the directors said. They said […]
Read MoreINDONESIA will announce an export ban on a commodity later on Wednesday (Dec 21), President Joko Widodo said, without specifying which one, as he highlighted the success of his policy to stop nickel ore shipments to try to attract foreign investment. Jokowi, as the president is popularly known, said more bans will also be announced […]
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Thailand
