Central bank unveils monetary policy for second half of 2019 Business

Central bank unveils monetary policy for second half of 2019

The State Bank of Vietnam (SBV) will continue to follow a pro-active, flexible and cautious monetary policy as well as working in close conjunction with fiscal and other policies to control inflation, sustain the macro-economy and support economic growth in the second half of this year.
Malaysian PM proposes common Asia trading currency World

Malaysian PM proposes common Asia trading currency

East Asia should consider a common regional trading currency based on gold to promote commerce and free the region from relying on US dollar transactions, Malaysia’s Prime Minister Mahathir Mohamad said on May 30.
Indonesia’s currency may continue weakening World

Indonesia’s currency may continue weakening

The exchange rate of the rupiah, Indonesia’s currency, of banks in Jakarta is forecast to continue falling after a series of demonstrations protesting the results of vote counting of the General Elections Commission.
Indonesian rupiah depreciates following riots World

Indonesian rupiah depreciates following riots

The depreciation of the Indonesian rupiah against the US dollar on May 22 was blamed on the riots that followed after incumbent President Joko Widodo had been declared winner of the presidential election.
ASEAN+3 discuss cooperation in response to financial crises World

ASEAN+3 discuss cooperation in response to financial crises

Finance chiefs of the 10 ASEAN nations and Japan, China, and the Republic of Korea (ASEAN+3) met in Fiji on May 2 to discuss the enhancement of cooperation in times of financial crisis, including expanding the currency swap agreement between them.