HONG Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted an investment loss of HK$100.1 billion (S$17.6 billion) in the third quarter, the Hong Kong Monetary Authority (HKMA) said on Wednesday (Nov 30).
Key financial institutions in Singapore have “insignificant” exposures to cryptocurrency and players in the industry, says Deputy Prime Minister Lawrence Wong.
INDONESIA’S central bank governor Perry Warjiyo said on Wednesday that monetary policy will remain pro-stability and that energy subsidies next year will allow Bank Indonesia (BI) to raise interest rates in a measured way.
