In October 2024, three Southeast Asian central banks made significant monetary policy decisions, reflecting the diverse economic landscapes of their respective countries. The Bank of Thailand surprised markets with an unexpected rate cut, while the Philippine central bank followed suit with a more anticipated reduction. Meanwhile, Bank Indonesia chose to maintain its current rate. The […]
Related Posts
Mozambique Ups Security Spending After Cabo Delgado Attacks
Since the terrorist attacks in Cabo Delgado, Mozambique has increased its national security spending by $1.69 billion. This information comes from a study by the Centre for Public Integrity (CIP), a non-governmental organization. They presented these findings on Wednesday. The report, named “Uncovering the Costs of the War in Cabo Delgado,” shows the financial impact […]
Brazil Proposes Constitutional Change to Fight Crime Syndicates
Luiz Inácio Lula da Silva, Brazil’s president, met with governors at the Planalto Palace to discuss strategies against organized crime. Lula advocated for a unified approach involving federal, state, and municipal governments to tackle this growing threat. The president expressed concern about the expanding influence of criminal organizations. He warned that these groups might soon […]
Ecuador and Colombia Strike Vital Energy Deal
Ecuador has partnered with Colombia to secure a crucial 6.2 gigawatts of power hourly, aiming to alleviate a severe national energy crisis. Energy Minister Roberto Luque, during a Quito press briefing, announced this vital step forward. This agreement will reduce the energy shortfall from 10.4 gigawatts to just 4.2, promising substantial relief across the nation. […]