HA NOI (VNS)
— The country's CPI is under control this month with an increase of
0.85 per cent after soaring 2.2 per cent in September, the General
Statistics Office said yesterday. SEE MORE Vietnam’s dong traded at 20,850, compared with 20,845 yesterday
and 20,855 at the end of last week. SEE MORE 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