Central banks

MAS records $20 billion net profit on strong investment gains

Investment gains were strong as the global economy remained resilient to repeated shocks, said MAS managing director Chia Der Jiun.

Japan’s Finance Minister Katayama touts ‘smooth’ government relations with BOJ

Japan’s Finance Minister Satsuki Katayama brushed aside the view that the administration sought to signal its reservation over rising interest rates.

Indonesia central bank governor Perry Warjiyo steps down in surprise move

Indonesia’s central bank governor Perry Warjiyo has stepped down reportedly for personal reasons.

Weak British jobs market holds steady as new PM takes office

The wage growth is unlikely to add to pressure on the Bank of England to raise interest rates.

US stocks advance as jobs data dims prospect of Fed rate hike

The S&P 500 Index advanced 0.6 per cent by 9.42am in New York, rallying from the July 1 down session. Meanwhile, the technology-heavy Nasdaq 100 Index gained 0.4 per cent.

Philippines hikes rate again to temper war-driven inflation

While inflation eased in May to 6.8 per cent, it remains well above the Philippine central bank’s 2 per cent to 4 per cent target.

Rupiah breaches key psychological level as market rout deepens

The rupiah is Asia’s worst-performing currency in 2026, driven by concerns that elevated oil prices will widen Indonesia’s budget deficit through higher energy subsidy costs.

News analysis

Thousands of kilometres from Iran war, Asia’s currencies feel the strain

Weaker currencies are pushing up prices for essentials like rice sold in Philippine public markets.

US Fed chair nominee Kevin Warsh says he will not be a ‘puppet’ controlled by Trump

Kevin Warsh, U.S. President Donald Trump's nominee to be next chair of the Federal Reserve, testifies before a Senate Banking Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., April 21, 2026. REUTERS/Kevin Lamarque

Vietnam names new central bank governor, finance minister

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.