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HANOI: The total share ownership of foreign investors in a Vietnamese credit institution that acquires weak credit institutions will be allowed to increase from the current 30 per cent to a maximum of 49 per cent of its charter capital from May this year.
Bank Indonesia (BI) has kept its key interest rate unchanged amid a weak rupiah exchange rate, but the central bank has pinned its hopes on portfolio inflows to lift the currency's worth.
Banks that acquire weak banks will enjoy various preferential policies, such as refinancing loans with preferential interest rates and a reduction of required reserve ratios.
KUALA LUMPUR: For the past six years, cleaner Wati has been celebrating Hari Raya in Malaysia instead of returning to Indonesia.
KUALA LUMPUR: Banks must take full responsibility for financial fraud losses if the loss was caused by their security weaknesses, says Deputy Finance Minister Lim Hui Ying.
Experts say a merger between the state-owned institute and the commercial bank would see the new bank overtake current leader BBL
Chinese banks have held their benchmark lending rates for a fifth straight month amid a lack of monetary easing, as officials keep room open for stimulus in case US tariffs rise again.
VALLETTA, March 21 (Xinhua) -- Many major European companies across various sectors saw a sharp profit decline in 2024, while the defense industry, in contrast, has thrived, benefiting from increased military spending by European countries.
Global economic growth stabilised at a low level of 2.7 per cent last year and is expected to hold steady in 2025 and 2026, according t World Bank estimates released on Thursday night.
WELLINGTON: New Zealand's economy likely crept out of recession in the fourth quarter but the overall growth impulse still remains weak, clearing the way for the central bank to continue cutting interest rates to boost demand and confidence.
Vietnam's central bank directed two leading commercial banks to take over underperforming rivals on Friday, as part of a drive to restructure the banking system and tackle bad debt that it said was necessary for political stability and social order.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Friday (March 21, 2025)
BEIJING: China's central bank is expected to deploy its most aggressive monetary tactics in a decade this year as it tries to stimulate the economy and soften the blow of impending U.S. tariff hikes, but in doing so it risks quickly exhausting its firepower.
Waiting to break their fast during the Muslim holy month of Ramadan, clerics in the Indonesian town of Majalengka gathered for an unusual briefing on the subject of inflation, led by the country's central bank.
MAJALENGKA: Waiting to break their fast during the Muslim holy month of Ramadan, clerics in the Indonesian town of Majalengka, West Java, gathered for an unusual briefing on the subject of inflation, led by the country's central bank.
BEIJING, Jan. 3 (Xinhua) -- China's central bank said on Friday it will effectively implement various existing structural monetary policy tools, as part of its work to promote the development of new quality productive forces and meet reasonable consumption and financing needs.
NEW YORK: Equities, Treasury yields and the dollar fell on Monday (March 10) as concerns about the health of the US economy weighed on investors' appetite for risk.
Indonesia's central bank conducted a "bold" intervention in the foreign exchange market on Friday, an official said, after the rupiah fell to its lowest level against the US dollar since March 2020.
HANOI: Vietnamese Prime Minister Pham Minh Chinh (pic) on Thursday (March 14) met with the country's top businesses to discuss measures to shore up economic activity amid weak bank lending, the government said.
Vietnamese Prime Minister Pham Minh Chinh this week had met with the country's top businesses to discuss measures to shore up economic activity amid weak bank lending, the government said.
