PHILIPPINES: Following an off-the-scheduled 75 basis point rate hike to battle inflation, the Philippine central bank’s governor indicated on Friday that it “may or may not” boost interest rates at its policy meeting in August. Bangko Sentral ng Pilipinas Governor Felipe Medalla indicated in a phone message that the bank will be “data reliant.” The central bank, however, will remain …

MANILA: At its August meeting, the Philippines central bank is prepared to hike its policy interest rates by 50 basis points and follow up with further policy measures to manage inflation and fight currency depreciation, the country’s central bank governor said on Thursday. There are “strong depreciation pressures” on the peso spurred by a hawkish tone from the U.S. Federal …

Indonesia – The finance and central bank appointees from the Asia-Pacific area assembled to think on strategy proposals to help the change to practical money and focus on more feasible financial development and computerized economy. Under the 2022 Finance Ministers’ Process topic of Propelling Digitalization, Achieving Sustainability, Asia-Pacific Economic Cooperation (APEC) part economies perceived the gamble of environmental change and …

Singapore – Singapore has imposed sanctions on Russia on Saturday that include four banks and an export embargo on electronics, computers and military products, in a rare measure by the Asian financial center in response to what it said was Moscow’s “dangerous precedent” in Ukraine. The small city-state, a worldwide shipping center, does not usually impose sanctions on its own …

The economy of Thailand is expected to face greater risks next year due to higher fiscal and monetary stimulus constraints, says Standard Chartered Bank. In view of this, GDP is expected to expand by 3.1 percent this year but will tumble to 2.5 percent growth in 2022. This prediction contrasts with other research houses and the Bank of Thailand’s assessments. …

In the midst of the slower speed of residential project sales, the Bank of Thailand has closely controlled property supply, vowing to hold unchanged loan-to – value (LTV) regulations for mortgage loans. Based on a review of the property sector’s remaining inventory, there is no oversupply in the industry, reported Ronadol Numnonda, Deputy Governor for Stability of Financial Institutions. Because …