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Malaysia: Ringgit lower against US$

KUALA LUMPUR: The ringgit was lower against the US dollar early Thursday as the greenback advanced after the US Federal Reserve System (Fed) left its interest rate unchanged at its meeting on Wednesday. At 9am(0100gmt), the local unit was quoted at 4.1965/2005 against the US dollar from 4.1860/1890 Wednesday. Oanda Head of Trading Asia-Pacific, Stephen […]

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Philippines: No change in policy rates — BSP

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) decided yesterday to leave benchmark rates unchanged but vowed to keep a watchful eye on inflation. BSP Governor Nestor Espenilla Jr. said in a press conference the Monetary Board kept the interest rate on the central bank’s overnight reverse repurchase facility at three percent as well […]

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Thailand: Exports forecast to outpace 7% target

Continued bullish exports in August helped cumulative exports for the year rise more than 8%, making it likely shipments will exceed the government’s 7% growth target, says Commerce Minister Apiradi Tantraporn. Despite the stronger baht, exports grew at a double-digit pace for the fourth straight month in August, up 13.2% to US$21.2 billion (702.5 billion […]

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Challenges, gains seen in ageing Asia

Asia will be home to 60% of world’s over-65s by 2030, creating growth opportunities for business, says Deloitte, the global consultancy. The over-65 demographic in Asia will grow from 365 million in 2017 to more than 520 million in 2027, according to Deloitte’s Voice of Asia report released this week. While this creates emerging challenges […]

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Vietnam: Ministry to regulate e-trading

HANOI — The Ministry of Finance has developed a draft circular that provides a general legal framework on the electronic trading activities at the stock market. The draft circular has been sent to the market members to collect their ideas and opinions. It is expected to ensure that the electronic trading activities at the stock market will be transparent, fair, secure and correspond to the Law of Electronic […]

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