Tuesday, December 18, 2018 - 18:46:53

central bank

Singapore’s economy to grow 2.6 percent next year

World

Singapore’s economy to grow 2.6 percent next year

The Monetary Authority of Singapore (MAS) on December 12 announced the results of its recent survey that Singapore’s economy will grow only 2.6 percent in 2019 due to the negative impacts of protectionism and a trade war between the US and China, the world’s first and second largest economies.

Court reduces penalty on former central bank deputy governor

Society

Court reduces penalty on former central bank deputy governor

The high-level court in Ho Chi Minh City on December 10 reduced sentences for former Deputy Governor of the State Bank of Vietnam (SBV) Dang Thanh Binh and two other defendants involved in the losses of over 15 trillion VND (645.8 million USD) at the Vietnam Construction Bank (VNCB).

Pressure on rupiah not yet over in short term: Minister

World

Pressure on rupiah not yet over in short term: Minister

Indonesian Coordinating Minister for Economy Darmin Nasution said the pressure on rupiah would not yet be over although it is relatively stable hovering in a narrow range of 14,500-14,600 per US dollar after dropping to the level of 15,000 rupiah per US dollar a few weeks ago.

Indonesia forecasts 2019 growth of 5.1-5.5 percent

World

Indonesia forecasts 2019 growth of 5.1-5.5 percent

Bank Indonesia (BI) has forecast that next year its national economy will grow at almost the same rate as this year’s estimation of 5.1 percent, and domestic consumption will continue to serve as the main engine of growth.

SBV urges customer information security

Sci-Tech

SBV urges customer information security

The State Bank of Vietnam (SBV) has issued a decree asking businesses to enhance customer information privacy after an alleged breach of mobile retail chain The Gioi Di Dong (Mobile World) revealed personal information of more than five million customers.