Bank of Korea heeds possibility of US rate hikes later this year
The US Federal Reserve has waived interest rate increase but signalled that two more rate hikes are on the way, the central bank said.
Finance
Bangladesh Bank frames rules for setting up digital banks
Under this new framework, digital banks will not be allowed to provide any service to clients directly through physical counters.
People’s Bank of China cuts rates to boost growth
The central bank lowered interest rates for seven-day reverse repurchase agreements to 1.9 percent from 2 percent, among other adjustments.
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.
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.