Singapore dollar will hold its ground in 2023 even as policy tailwinds fade
The Singapore dollar is set to end the year as Asia’s most resilient currency against an exceptional surge in the United States dollar.
Market pressures force Bank of Japan’s hand; Kuroda asserts easing remains
While effectively raising interest rates, Bank of Japan Gov. Haruhiko Kuroda denied any monetary tightening was being conducted and emphasized the continuation of the easy…
Indonesia’s vulnerable families still lagging behind in economic recovery: Survey
The survey concluded that the nation was mired in a so-called K-shaped recovery, and suggests that there is a trend toward a widening wealth gap.
Philippine inflation will likely peak in December: Central bank governor
Annual inflation of 8 per cent in November brought the year-to-date rate at 5.6 per cent, well outside the central bank’s 2 per cent to 4 per cent target for the year.
S’pore unlikely to face energy price surge despite global demand amid frigid winter: Analysts
This comes as a rare triple-dip La Nina is forecast to induce below-freezing temperatures in China, Japan and South Korea over the next few weeks and an Arctic blast has dumped…
Delayed or not, will higher Philippines income status mean better Filipino lives?
The Philippines has been classified as a lower middle-income country ever since the World Bank came up with its classification scheme.
Migrant departures turn into exodus as Nepal’s economy stalls
Official statistics show that 347,340 Nepalis had left the country by the first five-month period that ended mid-December.
South Korea to extend tax cuts as inflation saps demand, growth
Authorities hope the tax reduction can temper the spike in prices for public utilities such as electric and gas. In October, public utility charges in Korea surged by 23.1 per…
‘Inflation will remain high in the foreseeable future’: Expert
According to economist Keshav Acharya, Nepal's inflation has doubled to more than 8 per cent on a year-on-year basis, and the country's external sector is still very fragile.
Bangladesh Bank relaxes loan repayment policy again
Insiders expressed their worries that the relaxed policy would deepen the liquidity stress in the banking sector as lenders will not get back the expected amount of funds from…