The State Bank of Vietnam (SBV) announced it could adjust monetary policies, including credit growth and incentives, in the remaining months of the year to cope with the COVID-19 pandemic. Under a recent directive, SBV Governor Le Minh Hung said the COVID-19 outbreak would continue to be unpredictable, which could push the global economy into […]
Read MoreBank Indonesia (BI) has expressed its commitment to continue its role as a standby buyer for government bonds until 2021 to help fund the state budget deficit during the pandemic. BI Governor Perry Warjiyo said on Wednesday that the central bank would continue its role as a non-competitive bidder in government bond auctions next year, […]
Read MoreMANILA, Philippines — Payment terms on government debts continue to shorten as of June, nearly cancelling out any benefits from falling borrowing costs at a time the country is turning to loans to fund its costly coronavirus disease-2019 (COVID-19) response. Data from the Bureau of the Treasury showed more government debts are actually falling due, […]
Read MoreRAM Ratings expects the unemployment rate in 2020 to reach between 4% and 4.5%. KUALA LUMPUR: RAM Ratings expects the unemployment rate in 2020 to reach between 4% and 4.5%, higher than the baseline of 3.0% to 3.5% in normal times, unless non-essential and export-oriented pick up. Hence, it said private consumption is therefore envisaged […]
Read MoreThailand’s cross-border trade fell by 9.18% year-on-year in the first half, attributed to lockdown measures and the slowing economies of neighbouring countries. Only Cambodia, which is one of the four countries with land border with Thailand, was the only nation to register a meagre 2.27 percent growth for the first half pf this year. The […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore is blazing a trail in the global effort to replace Libor, becoming one of the first countries to auction debt linked to an alternative benchmark. The Monetary Authority of Singapore (MAS) sold $500 million of six-month notes with a spread over the compounded Singapore Overnight Rate Average (Sora) on Tuesday (Aug 18). […]
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