Search result for MONETARY
Singapore Central Bank’s Guidelines Discourage Crypto Trading
On Monday, the Monetary Authority of Singapore issued guidelines limiting the promotional activities of the cryptocurrency trading service providers for the general public. The MAS intends to protect retail investors from potential risks by doing so.
Singapore is home to a number of cry...
Vertex Technology Partners with the Monetary Authority of Singapore
VERTEX Technology Acquisition Corporation (VTAC) of the Vertex Venture has lodged a preliminary prospectus on Thursday with the Monetary Authority of Singapore (MAS) along with the offering of some units.
The company is the first to do so for the Singapore Exchange SPAC listing. It had ...
BOK SAYS FOREIGN RESERVES ROSE IN APRIL 2021
Highlights –
- BOK says foreign reserves rose in April 2021.
- The record high of foreign reserves was attributed to the U.S dollar’s weakness.
- As of end-April, the country’s foreign reserves came to the US $452.3 billion.
CHINA SAW RECORD GROWTH IN ECONOMY BY 18.3% IN Q1 OF 2021
Highlights –
- China saw record growth in economy by 18.3% in Q1 of 2021.
- China is reported to have shown V-shaped economic recovery.
- The IMF has projected the Chinese economy to grow 8.4 percent in 2021.
- In Q1 China’s ...
S. KOREA’S INDUSTRIAL OUTPUT INCREASED 2.1 PERCENT IN FEBRUARY
Highlights –
- S. Korea’s industrial output increased 2.1 percent in February.
- The index gauging industrial production came to 111.6 last month.
- Retail sales however fell 0.8 percent from a month earlier.
- The Bank of Ko...
IMF RAISES ITS 2021 GROWTH OUTLOOK FOR SOUTH KOREA BY 3.6 PERCENT
Highlights –
- IMF raises its 2021 growth outlook for South Korea by 3.6 percent.
- IMF is said to have taken into account the impact of the country’s latest $13 billion extra budget.
- Exports of chips and cars is said to have been k...
PAN-ASIAN FEASIBILITY OF PAYMENT VIA DLT & CBDC TO BE EXPLORED
Highlights:
• Central banks of Asia and UAE will be a part of the project
• Potential of DLT & CBDCs to be explored
...
MONETARY AUTHORITY OF SINGAPORE ASKS WIRE CARD TO PULL BACK ITS OPERATIONS FROM SINGAPORE
HIGHLIGHTS
- The Monetary Authority of Singapore (MAS) has coordinated troubled German firm Wirecard to stop their payment gateways in Singapore and to restore every one of clients' assets by Oct 14.
In a news discharge on Wednesday (Sep 30),...
JAPAN TRADE MINISTRY WANTS TO REVAMP SUPPLY CHAINS
HIGHLIGHTS
- The operations of global supply chains have come to a halt due to coronavirus pandemic.
- The Japanese Ministry of Economy, Trade and Industry wants to revamp the supply chains.
The coronavirus pandemic has halted the operat...
UK ECONOMY EXHIBITS POOR SHOW IN JANUARY
Highlights
- In the three months to January, the service sector showed no growth
- The manufacturing sector has continued to show weaknesses
According to data published by the Office for National Statistics, the UK economy stagnate...
BANK OF KOREA FREEZES ITS POLICY RATE FOR FEBRUARY
Highlights –
- Korean Central Bank keeps policy rate steady
- Monetary Policy board meeting held on Thursday
- Korea’s household debt increases
South Korea’s central bank, The Bank of Korea (BOK) on Thursday ke...
Digital Renminbi Coins, Electronic Dollar and the Stablecoins Backed Race to Central Bank
Top central banks around the world are preparing to introduce their state-backed digital currency. With its digital renminbi coins, China has set the pace with hopes of gaining a competitive advantage over the US in world trade.
The International Monetary Fund (IMF) assumes that, in add...
China could loosen its monetary policy due to the trade war deal
According to the analyst, Central bank in Beijing keen to ease monetary policy at home on account of the phase one trade deal between the United States and China. It will let fluctuate the yuan exchange rate.
The People’s Bank of China published its work plan for 2020. It said tha...
STATUS OF US DOLLAR AS GLOBAL RESERVE CURRENCY VS OTHERS
The US economy and financial system depend greatly on the dollar as the dollar is the dominant global reserve currency. The US economy and financial systems include being able to maintain and fund huge trade and fiscal deficits. International Monetary Funds (IMF)has recently released a report whi...
China and Russia are planning to boost scientific cooperation by concentration on Artificial Intelligence and some more strategies
China and Russia are moving to grow their logical joint effort in the wake of promising to take a shot at creating data innovation, man-made reasoning and other key regions.
With Moscow still under US and European monetary approvals forced after its extension of Crimea in 2014, and Beij...
UAE soon to become $500 billion economy
The Gross Domestic Product (GDP) of UAE remains on track to surpass the $500 billion mark over the next few years.
Its growth drivers include rapid economic diversification along with a string of bold reforms and a series of government stimulus measures. These have kept its growth at a ...
Amid economic slowdown, IMF calls for urgent action by India
On Monday, the International Monetary Fund (IMF) said that to reverse the economic slowdown of an economy that has been one of the engines of global growth, the Government of India must take steps quickly.
In the annual review, the IMF stated that falling tax revenue with declining inve...
Present in the demolition
Some days, the World Bank and International Monetary Fund economists need to feel pretty fortunate. We are working for just about the only institutions set up after World War II that are not in the midst of a crisis of identity. The collapse of the post-war world's economic and security syste...
Action monetary standards managed a straight flush
The great week for action monetary standards just showed signs of improvement. The vulnerability over Brexit has been lifted. Boris Johnson's avalanche wins imply that the UK is probably going to leave the EU in January and a sizeable larger part gets him an opportunity to arrange economic ag...
How much Japanese employees would be willing to forget to enjoy a healthier balance between work and life?
Companies from Goldman Sachs Group Inc. to Monsanto Co. have become more versatile in their work. You can quickly tap away from a living room couch, the bleachers at the soccer game of your son or huddled over a coconut on your Christmas holiday thanks to smartphones and gadgets. To women, howeve...