Singapore dollar the world’s other safe haven

SINGAPORE – In the latest salvo in its fight against inflation, Singapore’s central bank tightened monetary policy on Friday (October 14), allowing the national dollar to appreciate to curb domestic cost pressures in a move likely to bolster the currency’s increasingly favored status as it demonstrates resilience against the fast-appreciating US dollar. The Monetary Authority of Singapore (MAS) […]Continue Reading

China-indebted Laos way more broke than advertised

Laos’ public debt could climb to nearly 95% of GDP by the end of 2022, making it one of the most heavily indebted and mostly likely to default nations in Asia, according to World Bank estimates published this month Significantly, the World Bank’s already dire debt figures do not encompass all of the small Southeast […]Continue Reading