Taiwan's housing market saw a surge in the second half of 2023, with housing loan growth reaching 11 per cent in August, the highest since May 2006, as per a statement published by the central bank on Thursday.
Construction loans also saw an uptick, (...)
Taiwan's central bank forecasts a further decline in the country's consumer price index (CPI) and core CPI in 2025, with annual growth rates projected to slow to 1.89 per cent and 1.79 per cent, respectively.
The central bank expects inflation rates (...)
The recent interest rate cut by the US Federal Reserve is unlikely to have a significant impact on inflows into India, according to Economic Affairs Secretary Ajay Seth.
He said that the 50-bps cut from a high level may not greatly affect the flows (...)
The World Bank is committed to supporting critical reforms for inclusive and sustainable growth, said Vice President for South Asia, Martin Raiser during his visit to Bangladesh on Thursday.
During his visit, Raiser met with Professor Muhammad (...)
Malaysia's exports surged by 12.1 per cent year-on-year in August, reaching 129.16 billion ringgits (approximately $30.30 billion), driven by increased shipments to all major trading partners, including ASEAN, China, the US, and the EU.
The Ministry (...)
Cambodia announced on Thursday a new monthly minimum wage of $208 for workers in the garment, footwear, and travel goods industry, effective from January 1, 2025. This represents a 1.96 per cent increase from the current rate of $204.
The National (...)
The Indian rupee reached its highest level in over six weeks on Thursday, following the Fed's decision to cut interest rates by 50 basis points. However, traders anticipate that importer demand for dollars will limit the currency's immediate (...)
Indian companies are increasingly utilising cross-currency swaps to convert a portion of their rupee-denominated debt into dollars, aiming to capitalise on declining US interest rates and reduce borrowing costs.
Following the Federal Reserve's (...)
Tokyo's stock market closed higher on Thursday, driven by a weaker yen and tempered expectations for further aggressive interest rate cuts by the US Federal Reserve.
The benchmark Nikkei 225 index gained 2.13 per cent, closing at 37,155.33, while (...)
New Zealand's economy contracted by 0.2 per cent in the June 2024 quarter, following a slight increase of 0.1 per cent in the previous quarter, according to a report published by Stats NZ on Thursday.
The decline was driven by various industries (...)
South Korean financial firms decreased their overseas real estate investments in the first quarter of 2024, primarily due to the ongoing recovery delays in the US and European property markets.
The Financial Supervisory Service reported on Thursday (...)
Japanese households' financial assets hit a record high of 2,212 trillion yen ($15.4 trillion) by June-end, marking a 4.6 per cent rise from the previous year, as per the Bank of Japan (BOJ) on Thursday.
Cash and deposits accounted for roughly half (...)
Egypt's gold prices edged up across all carats on Thursday at 12:35 pm CLT (09:35 GMT) compared to the September 18th's value, according to an electronic gold price platform.
Metal September 19th (EGP) September 18th (EGP) Change %
24 Carat (...)
Taiwan's central bank board decided on Thursday to maintain the policy interest rate at 2 per cent, according to the bank's statement.
The bank kept the rate on refinancing of secured loans unchanged at 2.375 per cent, and the rate on temporary (...)
The Central Bank of Egypt (CBE) is offering 55 billion Egyptian pounds in treasury bills (T-bills) on Thursday, in coordination with the Ministry of Finance.
The auction shall be in two tranches: a 182-day T-bills worth 30 billion pounds to be (...)
The National Development and Reform Commission (NDRC), China's top economic planner, is ramping up efforts to boost investment and consumption to strengthen domestic demand.
It will support government investment to drive social investment and (...)
The World Bank published a report on Wednesday suggesting that Solomon Islands can achieve upper-middle-income status by 2040 by focusing on digitalisation, transport connectivity, and urban planning.
The report, in collaboration with the Ministry (...)
The Bank Indonesia Board of Governors Meeting decided to lower the interest rate by 25 basis points to 6.00 per cent, according to the bank's statement on Wednesday.
The Deposit Facility interest rate was also reduced by 25 basis points to 5.25 per (...)
Egypt's Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, announced a new initiative to hold meetings with investors from each governorate separately on Saturdays at the headquarters of the (...)
Egypt's gold prices dropped slightly by 0.29 per cent across all carats on Wednesday at 12:05 CLT (10:05 GMT) compared to the previous day's value, according to an electronic gold price platform.
Metal September 18th (EGP) September 17th (EGP) (...)
The Central Bank of Egypt (CBE) has reported that the amount of issued banknote reached 1.273 trillion Egyptian pound by May 2024, compared to 1.232 trillion pound at the end of April 2024.
The value of 200-pound denomination rose to 806.369 billion (...)
New Zealand's net external debt (international assets and liabilities excluding equity and financial derivatives) widened by $2.6 billion during the June 2024 quarter, reaching $204.9 billion (49.6 per cent of GDP) at June 30, 2024.
The widening of (...)
People's Bank of China (PBC) announced on Wednesday a seven-day 568.2 billion-yuan reverse repo at an interest rate of 1.7 per cent.
The Chinese central bank aims to maintain stable liquidity within the banking system as the first half of 2024 draws (...)
New Zealand's seasonally adjusted current account deficit widened by $269 million to reach $7.2 billion in the June 2024 quarter, according to latest data released by Stats NZ on Wednesday.
The main driver of the widening deficit was a $291 million (...)
Asian stocks remained stable on Wednesday as investors awaited the Federal Reserve meeting, where a rate cut is anticipated.
Trading volumes were low due to holidays in Hong Kong and South Korea, with Chinese markets showing minimal movement after (...)