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Malaysian banks lead Southeast Asian peers for board diversity

Bloomberg Malaysia’s large banks have the highest board representation for women across the Southeast Asian region, outpacing peers in Singapore and the Philippines where the proportion is below 15 percent. Women make up more than 30 percent of the boards of top Malaysian lenders, compared with only 9 percent on average in the Philippines, and 13 percent in Singapore, according ...

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RBA likely to cut rates to boost hiring

Bloomberg Australia’s central bank is likely to lower interest rates again to drive increased hiring. The central bank aims to boost households’ confidence that inflation will return to target. The Reserve Bank made the comment in minutes of its June 4 policy meeting, when it eased the cash rate to 1.25 percent in the first reduction in almost three years. ...

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Bank Indonesia’s chief sees room to slash rates

Bloomberg Bank Indonesia sees room to cut interest rates, according to Governor Perry Warjiyo, raising the prospect of Southeast Asia’s biggest economy easing monetary policy in the face of growing risks to growth. “If we take into account low inflation and economic growth that needs to be pushed, indeed, we already know that there’s room to lower interest rate,” Warjiyo ...

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