Hong Kong's official foreign currency reserve assets increased USD 1.6bn over June, recording at USD 278.8bn at the end of July this year. As reported by Xinhua's China Economic Information Service, the Monetary Authority stated that the foreign currency reserve assets, including unsettled forward contracts, was recorded at USD 279bn during the period, as compared to USD 277.2bn registered in June. The total foreign currency reserve assets accounted for around nine times the currency in circulation or 56% of HKD M3. |
Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more
Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more
Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more