World

Singapore’s CPI falls 0.4 percent in January

Singapore’s consumer price index (CPI) in January fell 0.4 percent compared to the same period last year due to sharp decline in petroleum price and cheaper food and services, the Department of Statistic said on February 23.
Vietnam moving in the right direction Business

Vietnam moving in the right direction

Standard Chartered Bank recently released a report called Global Research 2015 – The Year Ahead, Rekindling the Animal Spirit, which also takes a look at Vietnam's economic and financial outlook, growth, FDI prospects, trade and interest rate. Viet Nam News spoke with the bank's economist, Betty Rui Wang, about these issues.
Business

Forex market to fluctuate until the end of the year

The exchange rate continued to increase over the last few days though less strongly than at the beginning of October, with the VND/USD selling rate reaching 21,400.

Although the rate is still well under the ceiling level, the trend is expected to attract businesses’ attention, as they have to guard themselves from the risks of exchange rate fluctuation and lending behaviour, especially since foreign currency credit increased by more than 20 percent during the first nine months of 2014.
Singapore’s economy grows 2.4 percent in third quarter World

Singapore’s economy grows 2.4 percent in third quarter

Singapore’s economy expanded by 2.4 percent in the third quarter of this year compared to a year ago, the Ministry of Trade and Industry (MTI) said in its report on advance third-quarter gross domestic product (GDP) data on October 14.
Business

Increase in aggregate demand needed for growth

Signs of economic recovery in Vietnam have become clearer, as industrial production, especially processing and manufacturing, continued to grow, the Nhan Dan (People) online newspaper reported on September 17.
World

Singapore cuts inflation forecast for 2014

The Singapore government has cut its 2014 CPI-All Items inflation forecast to average 1.5-2.5 percent amid lower car prices and housing costs expected for the second half of the year.
World

Philippines’ inflation up 4.1 percent in April

Inflation in the Philippines expanded 4.1 percent in April, a year-on-year surge of 1.5 percent, due to higher food and utility prices, the Philippines Statistics Authority (PSA) reported on May 7.
World

Thai capital market not affected much by interest cut

The Bank of Thailand (BoT) has confirmed that the recent reduction of the benchmark rate by 0.25 percent is yet to create any substantial effects on the capital market as it is within the expectation of financial institutions.
Business

HSBC: Asset Management Company crucial

The Hong Kong and Shanghai Banking Corporation (HSBC) Vietnam has said the approval of an Asset Management Company is crucial for Vietnam to move forward with its efforts to restructure the banking sector.
Business

IMF positive about Vietnam’s macro-economy

The International Monetary Fund (IMF) has made positive assessments on Vietnam ’s macroeconomic situation as well as the policy management of the State Bank of Vietnam (SBV) over the past time.