RBA reports equity wipe out due to pandemic bond losses
The Reserve Bank of Australia (RBA) announced that its equity had been emptied out by the losses that were incurred by the pandemic-era bond buying. Despite that, the...
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The Fed raises interest rates for third consecutive time this year
The US Federal Reserve (Fed) has once again raised its interest rates by another 0.75 percentage points making it the third consecutive time this year. The Fed Chair,...
Asia’s growth forecast revised downward by ADB
Asia's growth forecast for 2022 has been lowered to 4.3% by Asian Development Bank (ADB), compared to its earlier projection of 5.2% that was announced in April. In...
ASEAN FDI returns to pre-pandemic level with US$174 billion performance in 2021
The ASEAN foreign direct investments (FDI) inflow had seen a surge of 42%, reaching US$174 billion in 2021. According to Datuk Lim Jock Hoi, the organization's secretary-general, the...
Thailand cryptocurrency market gets more stringent measures from regulator
Thailand regulators are tightening the rules for the cryptocurrency market following irregular activities as well as the crash of a major crypto exchange acquisition. Being the first country...
India implements 20% rice export duty following low yields
A 20% rice export duty was imposed by India on the second week of September as a measure to increase supplies and reduce local costs after a below-average...
Eurozone recession imminent with inflation and soaring energy prices
A eurozone recession is almost for certain with data from recent surveys indicating a further decline to the cost of living crisis as well as a bleak outlook...
China’s economic policies to further support recovery in Q3
Economic policy support will be ramped up to avoid further loss of momentum, according to China's major economic policymakers. According to a report from Reuters, the country's policymakers...
Decarbonisation fueled throughout EM Asia policies and renewable energy efforts
KUALA LUMPUR - Emerging Asia's (EM Asia) decarbonisation initiatives are backed by policies and increased renewable energy competitiveness, leading to a long-term transition to lower carbon energy mix....
FSA in Japan looking to ease cryptocurrency tax levies on investors
Japan's Financial Services Agency (FSA) is proposing to ease corporate tax rules pertaining to cryptocurrency assets and reduced levies for individual stock investors in order to support the...
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