Central banks in Southeast Asia may
be forced to abandon this year’s monetary easing and raise
interest rates before their north Asian peers in 2013, as rising
inflation risks overshadow the current economic gloom. SEE MORE “This year has been very difficult for everyone,” said Do,
who had to raise pay 20 percent for harvest pickers, to 120,000
dong ($5.75) a day. “We need funds for cultivation, but we have
limited access to bank lending. You can get a loan if you have
good connections. Otherwise, it’ll be little or no money.” SEE MORE Oil fell for a second day in New
York after Iran reiterated an offer to suspend domestic
production of medium-enriched uranium before European officials
meet to discuss tighter sanctions on the Persian Gulf country. SEE MORE Australian coal producers have budged first in the standoff
pitching them against Asian buyers, with lower offers seen in the premium
6,000 kcal/kg NAR Newcastle coal market Thursday, said traders. SEE MORE VietNamNet Bridge – With the economic growth rate of 4.77 percent in the first
nine months of the year, analysts believe that the GDP growth rate would be 5.2
percent for the whole year of 2012. The figure is believed to be “satisfactory,”
which truly reflects the current circumstances SEE MORE