interest

Retail Asia29/01/2019

The dollar eased versus most of its peers on Monday as investors turned their attention to this week’s Federal Reserve policy meeting, with traders wagering policymakers will signal a pause in their tightening cycle. The Federal Open Market Committee meets between Jan 29-30, and Chairman Jerome Powell is widely expected to acknowledge growing risks to […]

Retail Asia02/01/2019

Banks usually hike deposit interest rates and even offer promotions at the year end, and this year has been no different. On December 19 Sacombank announced a rise in interest rates on deposits of three months from 5.2-5.3 percent to 5.5 percent, and on deposits of 12 months from 6.9 percent to 7.7 percent. VPBank […]

Retail Asia07/11/2018

Vietnamese online gaming giant VNG has reported Jan-Sept 2018 profits of VND152 billion ($6.5 million), a 52 percent year-on-year slump. The company has said in its third-quarter financial statement that higher expenditures have eaten into its profits. Selling and administrative expenses of VND853 billion ($36.7 million) and VND382 billion ($16.44 million) respectively in the nine-month […]

Retail Asia20/01/2017

Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) announced it successfully issued non-convertible five-year bonds worth VNĐ2 trillion (US$88.1 million) at annual interest rate of 5.8 per cent. Compared with the interest rates of other bond issued recently, the 5.8 per cent rate is considered the lowest rate. It is even lower than […]

Retail Asia15/06/2016

South Korea’s iShares MSCI South Korea Capped ETF (EWY) slid on June 9 after the Bank of Korea cut interest rates by 25 basis points to 1.25%. This is a record low for the Korean policy rate, which is aiming to support the government’s plan for massive debt restructuring for highly indebted firms. Growing risks […]

Retail Asia08/06/2016

Bank Indonesia will reduce the minimum limit of fund transfer through the instrument of “Real Time Gross Settlement” (RTGS) to Rp100 million from Rp500 million at present. The new limit would be effective as from July 1, a Central Banks Executive Director Bramudija Hadinoto said on Monday, June 7, 2016. The reason for the cut […]

Retail Asia26/04/2016

Kasikornbank Pcl, Thailand’s fourth-largest lender, will cut its minimum retail and minimum overdraft rates by 25 basis points (bps) on April 25, it said in a statement. The cut, which follows similar move by Bangkok Bank on Thursday, is aimed at helping the bank’s small and medium-sized (SME) business and retail customers who have been hit by the slowing economy, the […]

Tag: interest

Dollar eases as focus shifts to Fed meeting

Vietnamese banks deposit rates rise as usual at year end

Vietnam’s gaming firm profits fall 52 pct in 9 months

Vietinbank successfully issues bonds at low interest rate

The Bank of Korea Just Delivered a Surprise

Bank Indonesia Reduces RTGS to Rp100 mn

Thai Kasikornbank to cut retail and overdraft lending rates