Southeast Asian finance leaders in talks on containing global risks

NUSA DUA, Indonesia : Southeast Asian central bank governors and finance ministers are set to wrap up talks on Friday, after meeting in Bali this week for discussions often focused on how the region can remain resilient in the face of a spike in global risks.

"Our problems are the same, high inflation, financial market turmoil, capital outflow...now we also look at the impact of banking turmoil in the U.S. and Europe on the region," Indonesia's deputy central bank governor Dody Budi Waluyo told reporters late on Thursday. "It is felt as beneficial for the economy to be resilient, because we are not exposed to too many hard currencies," said Dody, referring to safe-havens like the dollar and the euro.

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