Bank indonesia

Hanoi (VNA) - Indonesia’s central bank said signs of inflation accelerating might be seen in the fourth quarter but the bank would not immediately raise interest rates in response, Governor Perry Warjiyo said on January 25. Warjiyo told a briefing of senior editors the exit policy from monetary stimulus would probably start with Bank Indonesia mopping up excess liquidity, while interest rates would stay low until policymakers deemed there was a risk of high inflation. BI cut interest rates a total of 125 basis points and pumped more than 50 billion USD of liquidity into the financial system last year to help the economy weather the impact of the coronavirus pandemic. This year, BI has bought 25.9 trillion rupiah (1.85 billion USD) of bonds, Warjiyo said./. … [Read more...] about Indonesian central bank: signs of inflation pressure may be seen in Q4

According to Do Huu Hao, chairman of the Vietnam Union of Science and Technology, the country’s industrial sector has the potential to save up to 20 per cent energy, while civil construction and transportation could reach over 30 per cent. “The essence of energy saving is technological innovation and productivity improvement, so the application of new technologies to improve energy efficiency is essential,” Hao said, further suggesting that the government should propose specific activities to support businesses to invest in energy-efficient solutions and advanced technology. … [Read more...] about New strategies essential for nation’s energy-saving goals

Commenting on the tenure of the 12th National Party Congress, Sengupta stressed that any one should herald achievements in industrial modernisation and agriculture development based on modern technology that Vietnam earned following the Congress. During the period, socio-political stability and national defence-security continued to be strengthened. Vietnam also witnessed successes in its foreign policy based on the principles of independence, self-reliance, peace, cooperation, development and multilateralisation of external relations, thus improving its prestige as a responsible member of the international community. … [Read more...] about VIETNAM NEWS JANUARY 25