Forex rate forecast to remain stable till year-end Business

Forex rate forecast to remain stable till year-end

The Vietnamese dong was expected to remain broadly stable against the US dollar over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust foreign direct investment (FDI) inflows, dollar purchases by businesses, and a healthy foreign reserve position, experts forecast.
Singaporean central bank eases monetary policy World

Singaporean central bank eases monetary policy

Singapore on October 14 decided to ease monetary policy for the first time in more than three years as the national economy has narrowly avoided recession in the third quarter of 2019.
Bank of Thailand upbeat about economic growth in Q3 World

Bank of Thailand upbeat about economic growth in Q3

Thailand’s economic growth in the third quarter is likely to improve from the second quarter’s reading, mainly thanks to positive tourism growth and the government’s economic stimulus measures, according to the Bank of Thailand.
Singapore expected to ease monetary policy soon World

Singapore expected to ease monetary policy soon

As Singapore continues to see sluggish trade and growth data, with core inflation at a three-year low, economists forecast the central bank to ease monetary policy in its upcoming review and provide some support to the economy.
Interest rates stay steady til year end: SBV official Business

Interest rates stay steady til year end: SBV official

With a positive macroeconomic background at the moment, interest rates will basically stay steady until the end of the year due to excessive liquidity and proper credit growth, according to an official from the State Bank of Vietnam (SBV).
PM orders acceleration of disbursement of public funds Business

PM orders acceleration of disbursement of public funds

Prime Minister Nguyen Xuan Phuc has demanded ministries, sectors and localities to take stronger actions to speed up the disbursement of the public investment capital plan for 2019, as the disbursement so far is at a critically low level.
 Forbes business forum confers Vietnam navigating digital age Business

Forbes business forum confers Vietnam navigating digital age

Business leaders and economic experts discussed how an open economy like Vietnam should deal with risks and impacts in the wake of international economic and technological upheavals at a business forum themed “Navigating the digital age” held by Forbes Vietnam in HCM City on August 15.
Singapore’s economic growth slowest in decade World

Singapore’s economic growth slowest in decade

Singapore's economy expanded by its slowest rate in a decade in the second quarter of this year, raising fear of a recession and monetary policy easing in October, according to a Reuters article.
Central bank to keep monetary policy on hold through 2019 Business

Central bank to keep monetary policy on hold through 2019

The State Bank of Vietnam (SBV) will hold its benchmark refinancing and discount rates at 6.25 percent and 4.25 percent, respectively, in addition to maintaining its 14 percent credit growth target for the remainder of 2019, experts forecast.