As part of ongoing efforts to liberalise the financial services industry and increase credit to the private sector, the Central Bank of Myanmar (CBM) has introduced regulations to facilitate foreign investment in domestic lenders.
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Newly approved legislation mandating a biometric national identity card is expected to help bring unbanked Filipinos into the financial fold.
An improved commodity outlook and renewed economic stability are combining to ease foreign currency shortages in Papua New Guinea, as the government looks to tap international money markets.
Officials have firmed up the timeline for when foreign insurers will be allowed to enter the Myanmar market, a move that is expected to boost competition and lift penetration rates.
Investors in the Philippine Stock Exchange (PSE) are set to have a wider range of products and trading options at their disposal, with the exchange announcing that short selling will be made available during the third quarter of this year.
Economic update | Indonesia raises interest rates as part of proactive monetary policy push
22 Jun 2018
Indonesia’s central bank has moved to stabilise the value of the rupiah and contain capital outflows following the implementation of two interest rate rises in a month, part of a new proactive policy stance.