By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy will continue to recover this year and in 2023 and gradual, measured interest rate hikes remain appropriate though the policy can be adjusted if the outlook shifts from forecasts, the central bank said on Monday. Southeast Asia’s second-largest economy is expected to grow 3.3% …
Thai central bank says gradual rate hikes appropriate for now Read More »
BEIJING (Reuters) -China will greatly increase domestic energy supply capacity and its reserve capacity for key commodities, government officials said on Monday, reiterating a policy of ensuring supplies and stabilising prices of raw materials. The world’s top energy consumer will enhance a “diversified domestic supply base” centred on coal while speeding development of domestic oil …
China vows to step up capacity of energy supply, reserves Read More »
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s September trade surplus beat forecasts at $4.99 billion, as exports and imports grew at a slower than expected pace, data from the statistics bureau showed on Monday. A Reuters poll had expected a $4.84 billion surplus in September, compared with a $5.76 billion surplus in …
Indonesia books nearly $5 billion Sept trade surplus, above forecast Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida hinted on Monday that a decision on a successor to Bank of Japan Governor Haruhiko Kuroda may still be months away, offering no timeline and no names of potential nominees when questioned in parliament. Kishida told lawmakers that he would pick the most appropriate …
Japan PM hints that decision on next BOJ chief still months off Read More »
SEOUL (Reuters) – South Korean President Yoon Suk-yeol on Sunday called for swift measures to resume all services offered by Kakao Corp and Naver Corp, a day after a fire at a data centre damaged their servers and caused outages. Service disruptions, some of which continued into Sunday, hit some of the country’s most-used apps …
S.Korea’s Yoon calls for quick resumption of popular messaging, portal services Read More »
SEOUL (Reuters) – South Korea’s finance minister said the government will scrap taxes on foreigners’ income from investments in treasury bonds and monetary stabilization bonds from Monday. Speaking to reporters late on Saturday in the United States after a meeting of Group of 20 finance ministers and central bankers, Choo Kyung-ho said the government decided …
S.Korea to scrap taxes for foreigners’ income from bonds – minister Read More »
By Leika Kihara WASHINGTON (Reuters) – Bank of Japan Deputy Governor Masazumi Wakatabe said on Saturday the yen’s recent fluctuations were “clearly too rapid and too one-sided,” signalling caution over the potential economic damage from the currency’s slump to 32-year lows against the dollar. Wakatabe, speaking in a seminar during the IMF and World Bank …
BOJ’s Wakatabe says yen’s recent fluctuations too rapid, one-sided Read More »
SHANGHAI (Reuters) – China’s central bank may drain cash next Monday via a partial rollover of maturing medium-term loans, while keeping policy rates steady, a Reuters survey showed, as ample market liquidity and a sliding yuan reduce the need for imminent policy easing. But some still expect the People’s Bank of China (PBOC) to ease …
China seen partially rolling over policy loans at steady rate – Reuters poll Read More »
BEIJING (Reuters) – China’s COVID-19 measures are the best, most cost-effective and will continue to improve, a spokesman for the ruling Communist Party said on Saturday. “We firmly believe that the light is ahead and perseverance is victory,” Sun Yeli told a news conference in Beijing ahead of the party’s 20th congress. Sun was responding …
China says its zero-COVID policy is the best, most cost-effective, will improve Read More »
TOKYO (Reuters) – There are no changes to Japan’s position that it will act resolutely in case of volatility in the currency market, the Kyodo news agency quoted Japan’s Finance Minister Shunichi Suzuki as saying on Saturday. The dollar jumped about 1% to a 32-year high 148.83 yen on Friday as investors remained focussed on …
MOF’s Suzuki: Japan will act resolutely on forex volatility – Kyodo Read More »
