S’pore’s GDP growth forecast for 2023 dips to 1.4%: MAS survey
One key factor cited was that bank loan growth will slow to 0.5 per cent, well down from the estimate of 1.3 per cent made in March.
Finance
Marcos hands out P50 million in employment aid to Mayon evacuees
Marcos Jr. personally distributed cheques for the emergency employment of thousands who were displaced by Mayon Volcano’s restiveness.
Cut red tape, customs delays to attract more Japanese FDI: Japanese ambassador
Delays in letter of credit payments are often encountered in Bangladesh, which increases the financial and time burden on companies, Kiminori said.
China’s major State-owned banks adjust deposit rates
The move comes as a subsequent adjustment following last year's rate cuts by some major banks in China.
ADB signs off on $44.2m loan for Indonesian plastic recycling plant
"This project showcases the potential for PET recycling in Indonesia, while the certified blue loan aims to attract more investors", noted ADB.
China’s financial market opening-up gathers steam
Since the launching of Shanghai-Hong Kong, Shenzhen-Hong Kong stock connect schemes, accessibility of their equity market has greatly improved.
China leads aid donors in Southeast Asia, Indonesia to benefit from it
China has focused its disbursements of funds on Laos and Cambodia, besides South-East Asia’s largest economy, Indonesia.
Thailand ready to offer help, Prayut tells Sri Lankan PM
Gunawardena has asked Prayut to invest in the “Port City Colombo” project, saying Sri Lanka can profit from Thailand’s expertise hospitality.
IMF reaffirms HK’s status as major global financial hub
“The Linked Exchange Rate System continues to function smoothly, providing a solid anchor to the economy and the financial system", it said.
Moody’s downgrades Bangladesh’s credit rating
Such type of downgradation means the local businesses will have to pay more to settle their global trades.