10:44 pm February 27, 2015 | No Comment
Inflation appears to have slowed further in February from a month earlier, with commodity prices remaining steady, taming the impact of rising rice prices and presenting an opportunity to the central bank to cut interest rates further.
6:38 pm February 27, 2015 | No Comment
Singapore followed global central banks in easing policy on Jan. 28. Singapore’s dollar will weaken 2.4 percent to S$1.39 ($1.02) versus the greenback by end-2015, according to the median estimate in a Bloomberg survey that has fallen for five months.
6:19 pm February 27, 2015 | No Comment
Malaysia’s task in propping up Asia’s worst-performing currency just got a lot tougher. The cost of options protecting against further ringgit declines approached a one-and-a-half-year high on speculation 1Malaysia Development, the state investment fund, will need a bailout.
6:08 pm February 27, 2015 | No Comment
The rhetoric is as melodramatic as ever, but this time around Russia’s threat to cut off Ukraine’s natural gas is mostly hot air. After months in which Kiev has been faithfully paying for gas and Moscow reliably supplying it under a deal brokered by the European Union, this week has seen the quarrel erupt anew.
5:54 pm February 27, 2015 | No Comment
This year was tipped to be the one when US interest-rate increases would suck money from emerging markets. It’s not turning out that way in Asia. Unprecedented economic stimulus from Europe to Japan has prompted investors to pump a combined $14.4 billion into Indian, South Korean and Indonesian local-currency government debt this year, the most on record for the three markets, exchange data show.
5:04 pm February 27, 2015 | No Comment
Global regulators have issued dozens of rules aimed at making the biggest banks safer. That’s leading to another result some wanted: making them shrink. HSBC Holdings, Europe’s biggest bank by market value, said this week it’s considering “extreme solutions” for some of its units. Royal Bank of Scotland Group is reducing its US trading staff and getting out of two-thirds of the countries where it operates. JPMorgan Chase & Co. is closing branches, raising fees on some institutional deposits and looking for ways to shrink its trading businesses.
12:32 pm February 27, 2015 | No Comment
Indonesia's central bank signaled that it is comfortable with the drop in the rupiah as it makes exports more competitive in Southeast Asia's largest economy, a Bank Indonesia senior deputy governor said on Friday.
12:23 pm February 27, 2015 | 2 Comments
Minister Indroyono visited the offices of BeritaSatu Media Holdings on Thursday, where he explained his “mega-tasks,” such as safeguarding Indonesia’s maritime sovereignty, accomplishing infrastructure projects worth more than Rp 1,000 trillion ($7.7 billion), while securing billions of dollars in state revenue from the nation’s natural resources.
6:09 pm February 26, 2015 | 5 Comments
Malaysia will increase incentives for companies to relocate operations to the country as it seeks more foreign investments to bolster growth.
5:35 pm February 26, 2015 | No Comment
Janet Yellen sparred with Republican lawmakers in the most heated exchange in her yearlong tenure as Federal Reserve chair, highlighting the central bank’s exposure to growing demands for greater oversight from Congress.
5:25 pm February 26, 2015 | No Comment
Emerging markets in Asia and Africa still reign supreme: They’re at the top of global growth projections over the next two years.
5:10 pm February 26, 2015 | No Comment
Japan Inc is under pressure to boost pay to keep a fragile economic recovery afloat, but even hefty wages increases from the biggest companies may prove to be a hollow victory for Prime Minister Shinzo Abe and the bulk of the country’s workers.
5:02 pm February 26, 2015 | No Comment
A year after Thomas Piketty’s investigation into global inequality captured the attention of the world’s economic thinkers, policy makers in political-monopoly states are taking his lessons to heart in their annual budgets.
4:02 pm February 26, 2015 | No Comment
The bilateral trade between Indonesia and Brazil remain stable, despite rising diplomatic tension between the two developing countries in past week, said Trade Ministry on Wednesday.