Chiang Mai Initiative comes into effect
The Chiang Mai Initiative
Multilateralisation (CMIM) Agreement officially came into effect on
March 24, according to the Ministry of Finance.
The Chiang Mai Initiative
Multilateralisation (CMIM) Agreement officially came into effect on
March 24, according to the Ministry of Finance.
The 120-billion USD agreement was signed by the Finance Ministers and Central Bank Governors of ASEAN member countries, China , Japan , the Republic of Korea and the Monetary Authority of Hong Kong ( China ) last December.
The agreement is a multilateral currency swap contract between ASEAN+3 countries to increase their response to rising risks and fluctuations in the global economy.
CMIM provides financial support through currency swap transactions to its participants facing difficulties in balance-of-payments and short-term liquidity./.
The 120-billion USD agreement was signed by the Finance Ministers and Central Bank Governors of ASEAN member countries, China , Japan , the Republic of Korea and the Monetary Authority of Hong Kong ( China ) last December.
The agreement is a multilateral currency swap contract between ASEAN+3 countries to increase their response to rising risks and fluctuations in the global economy.
CMIM provides financial support through currency swap transactions to its participants facing difficulties in balance-of-payments and short-term liquidity./.
You should also see
Localities get ready for fourth FDI boom
As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
See more
ASEAN
Malaysia issues heatwave alert for 14 areas
The Malaysian Meteorological Department (MetMalaysia) has issued hot weather warnings for 14 areas across the country, particularly in the states of Perlis, Kedah, Kelantan, Sarawak and Sabah.
World
China, Thailand forge alliance for moon exploration
China and Thailand have inked preliminary agreements to collaborate on the peaceful exploration and use of space, as well as on the development of international lunar research stations.
World
MICHELIN Guide Thailand expands to Chon Buri
The Tourism Authority of Thailand (TAT) has announced an exciting expansion for the MICHELIN Guide Thailand 2025, which will now include Chon Buri province.
World
Malaysian airlines to charge carbon levy soon
Malaysia is gearing up for greener skies once the carbon levy collection by the airlines comes into effect as soon as the Malaysian Aviation Commission (MAVCOM) makes the necessary review, according to Assoc Prof Major Dr Mohd Harridon Mohamed Suffian, an aviation and aerospace expert.
ASEAN
India boosts maritime cooperation with ASEAN member states
Indian Coast Guard (ICG)’s Pollution Control Vessel (PCV) Samudra Paheredar arrived at Muara, Brunei, on April 9 as part of its ongoing overseas deployment to ASEAN countries.
