Latest News for: Asia central banks


Asia's growth continues into 2024

The Manila Times 26 May 2023
If the ADB is right in their predictions of inflation at 3.3 percent next year in Asia, then that is a level I think all transatlantic central banks will dream of for their own respective economies ... If the world's leading central banks continue to raise interest rates, it also puts pressure on Asia.

Jefferies’ Chris Wood adds Zomato to India portfolio; HDFC Life makes exit

The Times of India 26 May 2023
The move comes after the ace investor picked-up private lender Axis Bank and mid-cap stock Thermax Limited for his India Long-only portfolio ... The investments in AIA Group, Bank Central Asia, Bajaj Finance, Godrej Properties and Macrotech Developers will also all be increased by one percentage point each, the Greed & Fear report stated.

Indonesia's Central Bank Stands Pat

Market Watch 25 May 2023
Indonesia's central bank maintained its benchmark seven-day reverse repo rate, as expected, as inflation remained under control ... Eight economists polled by The Wall Street Journal had unanimously expected the central bank to stand pat.

Bank of Korea stands pat but warns against rate cut bets

Reuters 25 May 2023
SEOUL, May 25 (Reuters) - South Korea's central bank on Thursday flagged it may not be done tightening, sending bond yields soaring, after it held rates steady for a third straight meeting and trimmed this year's economic growth forecast ... Australia's central bank.

AIA and BCA launch new insurance product to fulfill premium customer needs

The Jakarta Post 25 May 2023
PT AIA FINANCIAL (AIA), along with PT Bank Central Asia (BCA) present the Maxi Infinite Link Assurance Plus (MILA Plus), a comprehensive life protection product for premium customers ... We designed the MILA Plus to meet the needs of the customers’ protection.

Market Talk – May 25, 2023

Armstrong Economics 25 May 2023
ASIA.. In April, Japan’s core consumer inflation remained well above the central bank’s 2% target, with a key index reaching a four-decade high after excluding fuel effects. This has led to expectations of adjustments to the country’s massive stimulus plan later this year ... The major Asian stock markets had a mixed day today ... Japan..

GCash breach part of phishing scheme—NPC

Manila Standard 24 May 2023
Several GCash users earlier reported that their money was transferred to Asia United Bank and East West Bank accounts ending in number 5239. The central bank chief also said that the security features of local digital payment platforms are satisfactory but consumers need to be vigilant.

Afreximbank’s 30th anniversary and annual meetings to be held in Accra

B & FT Online 24 May 2023
The African Export-Import Bank ... In addition to the bank’s shareholders, the gathering will feature African leaders, government officials, ministers, central bank governors and CEOs of major banks; and representatives from non-bank private and public sector institutions and NGOs.

Henry Kissinger over 100

Korea Times 24 May 2023
... by then Chase Manhattan Bank Seoul ... To him, I mentioned I was lucky enough to able to visit travel-restricted parts on the globe to Koreans, such as the Soviet Union and Eastern Europe, Red China, the Middle East, the Central Asia and North Vietnam as a mere Korean bank executive.

Ripple Participates in Hong Kong’s CBDC Pilot Program and Pursues the Potential of Tokenizing Real ...

OBN 23 May 2023
The digital currency e-HKD (Digital Hong Kong Dollar) is Hong Kong’s central bank digital currency (CBDC) for retail ... James Wallis, Vice President of Central Bank Engagements and CBDC at Ripple, commented. ... The e-HKD pilot program includes Alipay Financial Services, Bank of ...

India to tax incentives offered by online gaming firms to customers

Reuters 23 May 2023
Online gaming companies will be required to deduct taxes at source if players claim their net winnings, including bonuses or incentives, according to guidelines issued by the Central Board of Direct Taxes ... Asia PacificcategoryAnalysis ... MarketscategoryIndian rupee poised to weaken after central bank pulls 2,000-rupee notesMay 22, 2023.

Chinese policy bank increases support for China-Central Asia cooperation

Xinhua 22 May 2023
BEIJING, May 22 (Xinhua) -- China Development Bank, one of the country's policy banks, has stepped up financial support to help deepen China-Central Asia cooperation.

India central bank pushes for stronger governance at banks

Reuters 22 May 2023
MUMBAI, May 22 (Reuters) - India's central bank on Monday pushed the country's lenders to strengthen their boards and increase focus on managing risk ... Asia PacificcategoryAnalysis ... MarketscategoryIndian rupee poised to weaken after central bank pulls 2,000-rupee notes2.48 AM UTC.

India's latest currency note exchange seen less disruptive than 2016

Reuters 22 May 2023
"The impact on the economy will be very marginal," said Reserve Bank of India Governor Shaktikanta Das at a briefing on Monday ... "We do not expect a rush at banks to exchange the notes," central bank chief Das said ... MarketscategoryIndian rupee poised to weaken after central bank pulls 2,000-rupee notes2.48 AM UTC.

India's cenbank expects most 2,000-rupee notes to be returned by end-Sept - chief

Reuters 22 May 2023
NEW DELHI, May 22 (Reuters) - India's central bank expects most currency notes of 2,000 rupees denomination to be returned to banks by the end of September, Governor Shaktikanta Das said on Monday, adding that there is no reason for people to rush to lenders for exchange.