Indonesia will not be affected by G20 financial reform
07-01-2010
- An Indonesian central bank senior official said the country's banks will not be troubled by financial reforms proposed at G20 meeting as most of the banks have already met the recommended capital and liquidity regulation..
China's economy likely to maintain steady, rapid growth this y..
07-01-2010
- Chinese economy is very likely to maintain steady and rapid growth this year, with more positive factors than last year boosting the economy, the People's Bank of China (PBOC), China's central bank, said Wednesday.
But ..
Banks of China earn 25% of profits world over
06-30-2010
- There are 84 Chinese banks sitting in the world's top 1000 now, though accounting for 9 percent of capital but making a quarter of profits, according to a global magazine "The Banker" tracking banking services.
Bank of ..
Philippine June inflation ranges from 3.8% to 4.7%
06-29-2010
- Philippine inflation in June is expected to have reached 3.8 to 4.7 percent on higher oil prices and tuition fees, Central Bank Governor Amando M. Tetangco Jr. said Monday.
"Forces that are likely to have dominated pric..
Singapore minister: Asia's recovery outpacing rest of world
06-29-2010
- One discernible trend in this global upturn is that the economic recovery in Asia is outpacing the rest of the world, a Singapore minister said on Tuesday.
Addressing participants at the Coface Country Risk Conference 2..
Economy of Brazil to expand 7.13% in 2010
06-29-2010
- Brazil's economy will expand 7.13 percent in 2010, rise from the previous projection of 7.06 percent, according to a new survey released on Monday by the Central Bank.
It was the 15th consecutive rise in the gross domes..
China must keep macro-economic policy stable, flexible
06-28-2010
- China should maintain a stable and sustainable monetary and fiscal policy, and also leave room for necessary policy restructuring, deputy governor of the nation's central bank said on Saturday.
"We should keep the polic..
Stability in Lebanon contributes to investment
06-25-2010
- Stability in Lebanon contributes to more job opportunities and investment in the country, said Lebanese President Michel Suleiman on Thursday.
According to a statement released by the president's office, Suleiman praise..
Dubai ruler: Dubai, UAE economies "fine"
06-23-2010
- Dubai Ruler Sheikh Mohammed Bin Rashid Al Maktoum termed the economies of Dubai and the United Arab Emirates (UAE) at large "fine," saying officials are dealing with the challenge presented by the global downturn, a loca..
Economic chief: Macao's inflation rate still "acceptable"
06-23-2010
- Although local CPI kept increasing in the past few months, Macao's inflation rate is still " acceptable", and the Special Administrative Region (SAR) government will closely follow the inflation development, according to..