Claire Jiao

2 weeks ago | bloomberg.com | Grace Marnida Sihombing |Claire Jiao

The Bank Indonesia headquarters in Jakarta. (Bloomberg) -- Indonesia’s central bank stands ready to stabilize the rupiah from the trade war uncertainty, after it cut its benchmark interest rate to address slowing economic growth. Bank Indonesia “remains vigilant and will not hesitate to stabilize the rupiah through market intervention,” Governor Perry Warjiyo said on Wednesday after reducing the BI-Rate by 25 basis points to 5.5%, its lowest level since 2022.

2 weeks ago | sg.news.yahoo.com | Claire Jiao

“The US$28-trillion ($36.22 trillion) Treasury market is fundamental and systemic to the global financial system and there is no alternative for this point," says MAS's Chia Der Jiun. Dollar-based assets have “enduring advantages” and remain virtually irreplaceable in the global financial system despite the US losing its top triple-A credit rating, according to Singapore’s central bank chief.

2 weeks ago | bloomberg.com | Claire Jiao

Dollar-based assets have “enduring advantages” and remain virtually irreplaceable in the global financial system despite the US losing its top triple-A credit rating, according to Singapore’s central bank chief. “They are the dominant, safe assets for use in the financial system, deeply embedded,” Monetary Authority of Singapore Managing Director Chia Der Jiun said at the Qatar Economic Forum on Tuesday.

2 weeks ago | flipboard.com | Claire Jiao

3 hours ago Central Bank Heads, J.P. Morgan on Market Risk Reward H.E. Sheikh Bandar bin Mohammed bin Saoud Al-Thani, Governor, Qatar Central Bank Chairman, QIA; Chia Der Jiun, Managing Director, Monetary Authority … 1 day ago Commentary: Good riddance to the SGX watchlist SINGAPORE: In a nod to the increasing diversity and complexity of the stock market and investors, the Singapore Exchange Regulation (SGX RegCo) has … 4 hours ago Sing$-backed stablecoin XSGD more widely available for use as...

1 month ago | bloomberg.com | Claire Jiao |Grace Marnida Sihombing

Prabowo Subianto (Bloomberg) -- While Indonesia’s economic growth was largely expected to slow in the first quarter, few predicted a key drag would come from President Prabowo Subianto’s new government. Data released this week underscored the extent to which Prabowo’s order for billions of dollars in spending cuts in the first months of his presidency effectively put existing government projects on hold without creating significant new drivers of growth.