In its latest policy statement, MAS announced a reduction in the rate of appreciation of the Singapore dollar nominal effective exchange rate policy band, though it will maintain a path of gradual appreciation.
Russia and Indonesia are currently working to establish direct settlement mechanisms between their respective banking institutions.
South Korea's central bank is leaning towards reducing interest rates this April, even as the national currency hits its weakest point since 2009.
Bank Indonesia has assured the public that the recent depreciation of the rupiah will not lead to increased debt burdens or inflationary pressures.
Wave of projects in energy, mining, factories and construction and water conservation. Critical minerals could be next.
Oversea-Chinese Banking Corp, Singapore’s second-largest lender, has forecast a slowdown in loan growth for 2025 following a weaker-than-expected rise in fourth-quarter earnings.
Bjorka, the hacker who previously made headlines in Indonesia during 2022 and 2023, has resurfaced, now using an X account to warn that several major Indonesian private and state-owned banks are potential targets of ransomware attacks
Indian Ambassador to Russia Vinay Kumar has expressed optimism about Indian financial institutions adopting Moscow’s Mir payments system and Russian banks adopting New Delhi’s RuPay payments system
The Reserve Bank of India conducted net purchases of government bonds in the secondary market last week.