Indonesia expects to see economic recovery in Q4 World

Indonesia expects to see economic recovery in Q4

Indonesia's economy is likely to begin recovering in the last quarter of 2020 before the growth accelerates in 2021 with an expected expansion of between 4.5 and 5.5 percent, according to Indonesian Finance Minister Sri Mulyani Indrawati.
Banks’ liquidity abundant ahead of Tet Business

Banks’ liquidity abundant ahead of Tet

Though Tet (Lunar New Year) is approaching with rising capital demands, the liquidity of the banking system is abundant, helping interest rates in the inter-bank market drop sharply, industry insiders said.
Bank lending rates expected to fall in 2020 Business

Bank lending rates expected to fall in 2020

A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5 percentage points as required by the Government.
Moody's review of Vietnam's Ba3 rating improper: ministry Business

Moody's review of Vietnam's Ba3 rating improper: ministry

The Vietnamese Ministry of Finance (MoF) has said that Moody's Investors Service’s decision to place Vietnam’s Ba3 rating under review for downgrade due to delayed payments on an obligation of the Vietnamese Government was improper as the Government has never delayed meeting debt repayment obligations.