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SEOUL: The Bank of Korea (BoK) has raised interest rates for the second time since August and signalled it would further pare back stimulus, in an effort to avert asset bubbles and prevent inflation from escalating further.
HONG KONG: Asian tech stocks rose on Thursday, following their U.S.-listed peers, though broader gains were capped by the strength of the U.S. dollar as investors bet on interest rates rising more quickly in the United States than other major economies.
More coming next year as it tries to curb rising inflation
Thailand's unemployment rate hits new high in Q3 of 2021 but daily Covid-19 cases are dipping; 5,126 reported on Tuesday (Nov 23)
hailand's unemployment rate jumped to 2.25 percent in the third quarter of this year, hitting the highest level since the start of the Covid-19 pandemic, according to a report released by the National Economic and Social Development Council (NESDC).
THE Malaysian retail market is gearing up to make the best of 2022, following two straight challenging years as businesses were hit hard by the Covid-19 pandemic.
WASHINGTON: Inflation is still raging in the United States and Europe, especially in Spain where soaring energy costs are pushing broader price gauges higher.
SEOUL: South Korea will unveil measures to curb household debt in a way that “strikes a balance” between toughening lending rules based on borrowers’ repayment capability and protecting those in actual need of loans for home rentals, according to the head of the country’s financial regulator.
Indications are that the country’s population is growing old at a faster rate that had been previously thought. What are the repercussions economically and socially?
BANGKOK: Thailand’s central bank has temporarily suspended home-mortgage lending limits to revive the sluggish property market and pandemic-hit economy, fuelling a rally in shares of real estate developers.
BANGKOK: Thailand’s household debt has spiralled to almost equal the size of its US$472bil (RM1.96 trillion) economy, yet millions of individual borrowers still struggle to access credit. For tech-driven microfinance companies, that crunch represents a multi-billion dollar opportunity.