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Indonesia: Year in Review 2017

Solid growth, supported by strong investment flows, should put Indonesia on a firm footing in 2018, despite a slight drop in expectations. In mid-November 2017 Bank Indonesia (BI) sharpened its forecast for year-end growth to 5.1 per cent, at the lower end of projections made earlier in 2017 of between 5 per cent and 5.4 […]


RAM reaffirms Malaysia’s gA2 rating

KUCHING: RAM Ratings has reaffirmed Malaysia’s respective global, ASEAN and Malaysia domestic-scale sovereign ratings of gA2/stable/gP1, seaAAA/stable/seaP1 and AAA/stable/P1. The ratings reflect the country’s resilient economic growth and the Government’s fiscal consolidation efforts. Malaysia’s external indicators are still supportive of its current ratings, although high government and household debt levels remain concerns. “Malaysia’s economic growth, […]


Bank Negara unveils eCCRIS initiative

ALOR SETAR, Jan 19 — Bank Negara Malaysia (BNM) today introduced a new initiative, eCCRIS, to digitise its financial services and empower society, said its Governor, Tan Sri Muhammad Ibrahim. Muhammad said the bank’s efforts would expand the…


MyDebit initiative aimed at reducing use of cheques, cash

ALOR SETAR, Jan 19 — The MyDebit Corporate Card initiative will soon be implemented towards reducing the use of cheques and cash, in line with the shift towards electronic payments (e-payment). Bank Negara Malaysia (BNM) Governor, Tan Sri…


Indonesia signals no more rate cuts as inflation risks rise

JAKARTA, Jan 19 — Indonesia’s central bank signaled the end of monetary policy easing as it focuses on inflation risks, such as rising food and oil costs. After keeping the benchmark interest rate at 4.25 per cent — as forecast by all 24…


Tide of money drowns out HK property warning by central banker

HONG KONG, Jan 19 — Why are official warnings of the threat that rising interest rates pose to Hong Kong’s red-hot housing market falling on deaf ears? The Hong Kong Monetary Authority and the International Monetary Fund have both…


Hong Kong’s Red-Hot Home Market Set to Defy Rate Hikes

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(Jan 19): Why are official warnings of the threat that rising interest rates pose to Hong Kong’s red-hot housing market falling on deaf ears? The Hong Kong Monetary Authority and the International Monetary Fund have both highlighted the risks. But three Federal Reserve rate increases forecast for this year won’t stop prices from climbing, according to analysts at firms including JPMorgan Chase & Co. and Union Bancaire Privee. Prices already jumped 22 percent as the Fed raised rates five times from December 2015. On the face of it, the warnings make sense. HouseholdRead More


RAM Ratings reaffirms Malaysia’s global, Asean and domestic ratings

KUALA LUMPUR, Jan 19 — RAM Ratings has reaffirmed Malaysia’s respective global, Asean and domestic-scale sovereign ratings of gA2/stable/gP1, seaAAA/stable/seaP1 and AAA/stable/P1. The ratings reflect the country’s resilient economic…


Indonesia central bank holds rates, to accelerate reserve rules

JAKARTA, Jan 19 — Indonesia’s central bank yesterday kept its key interest rate unchanged, as expected, but pledged to accelerate planned changes of rules on reserve requirements, to give banks more liquidity and encourage them to invest money….


Commercial banks adhere to responsible financing guidelines

KUALA LUMPUR: The Association of Banks in Malaysia (ABM) yesterday said loans approved by its member banks are assessed stringently and in accordance to their internal approving guidelines and procedures. In response to a recent article published by an online portal titled, “Easy access to loans contributes to bankruptcy, says consumers group”, the association said […]