KUALA LUMPUR, Dec 1 ― The ringgit extended yesterday’s gains to open higher against the US dollar today, as the greenback continued to weaken in reaction to a statement from the United States Federal Reserve (Fed). The market had taken note of the speech by Fed chair Jerome Powell which indicated that a stronger and […]
Read MoreIndonesia’s annual inflation rate extended its acceleration in November, according to the latest data published by Statistics Indonesia showed Wednesday. Indonesian November’s inflation rate rose to 1.75% on the year when compared with October’s 1.66%, although remained way below the Bank Indonesia’s (BI) 2.5-4.5% target range. The annualized core figure arrived at 1.44% vs. 1.33% previous and 1.43% […]
Read MorePassenger fares for trips on the upcoming Laos-China Railway have been confirmed by the Ministry of Public Works and Transport. The ministry issued a notice on 25 November accepting ticket pricing for the Laos-China Railway proposed by the Department of Railways. According to the notice, two Electric Multiple Unit (EMU) trains will be in service […]
Read MoreKUALA LUMPUR: The Malaysian manufacturing sector continued to improve in November, with further expansion in both output and new orders, according to the latest IHS Markit data. Its headline Malaysia Manufacturing Purchasing Managers’ Index (PMI) – a composite single-figure indicator of manufacturing performance – edged up to 52.3 from 52.2 in October as manufacturers noted […]
Read MoreThe baht opened at 33.67 to the US dollar on Wednesday, strengthening from Tuesday’s closing rate of 33.71. The Thai currency is likely to move between 33.60 and 33.80 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht strengthen on Tuesday due to the dollar strengthening […]
Read MoreMANILA, Philippines — The emergence of another COVID-19 variant may result in a loss of momentum in economic recovery in many countries, including the Philippines, as plans to reopen borders to tourism have been stalled indefinitely. In its latest chart book, Capital Economics said the Omicron variant is another blow for the tourism industry that […]
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