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Philippines hikes rate while signaling gradual normalisation
The Philippine central bank raised its key interest rate for the first time since 2018 to combat Southeast Asia’s second-fastest inflation.
SG victims of spoofed work emails suffer losses of over S$70mil, 149 victims in 2022
Since the start of the year, at least 149 people have fallen prey to a scam involving spoofed work emails, with losses amounting to at least S$70.8mil (RM225.24mil).
Shanghai lockdown: City finds three new community infections even as death toll falls to zero, as path to reopening is lined with risks
Shanghai found three community infections across the city of 25 million residents, even as the death toll fell to zero for the firs time since April 18, underscoring how the city’s journey towards reopening on June 1 is still paved with risks.
Roundup: UK consumer confidence plunges to record low amid cost-of-living crisis
LONDON, May 20 (Xinhua) -- Market research company GfK said on Friday that its Consumer Confidence Index for Britain in May dropped to its lowest level since records began in 1974 amid the country's raging cost-of-living crisis.
G7 countries determined to rein in rising inflation
FRANKFURT, May 20 (Xinhua) -- The Group of Seven (G7) countries are determined to rein in the spiraling inflation, German Finance Minister Christian Lindner said on Friday.
Review MM2H rule, govt told
PETALING JAYA: Agents are calling for a tiered system in the minimum monthly income requirement for the Malaysia My Second Home (MM2H) programme.
In search of the less grim version of monetary hell
POLICY makers are fighting the devil in front of them rather than the goblin lurking around the corner.
China banks cut key rate by record to boost ailing economy
CHINESE banks cut a key interest rate for long-term loans by a record amount, a move that would reduce mortgage costs and may help counter weak loan demand caused by a property slump and Covid lockdowns.
ECB’s Visco says July ‘perhaps’ right time for first interest rate hike
THE European Central Bank (ECB) might be ready to increase interest rates for the first time in more than a decade in July, says Governing Council member Ignazio Visco.
G7 offers $9.5 billion new aid for Ukraine, ready with more
KOENIGSWINTER, Germany (Reuters) -The Group of Seven's financial leaders agreed on $9.5 billion in new aid to Ukraine on Friday and promised enough money to keep the country's devastated economy afloat as long as it fights against Russia's invasion.
