malay01
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Malaysia: Ringgit opens lower as demand for US dollar surges

KUALA LUMPUR, Feb 11 — The ringgit opened lower against the US dollar today as negative sentiment clouded demand for the local currency, an analyst said. At 9am, the local currency stood at 4.1870/1900 versus the greenback from Thursday’s close of 4.1825/1840. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the ringgit traded easier in the early session due […]

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phil01
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Philippines: Unemployment rate up in December

THE number of unemployed Filipinos slightly went up in December, the Philippine Statistics Authority said. In a virtual briefing on Thursday, National Statistician Dennis Mapa said that based on the preliminary results of the latest Labor Force Survey, the number of out-of-work individuals was estimated at 3.27 million from 3.16 million in November 2021. This […]

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vn01
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Vietnam in global top 10 for cryptocurrency ownership rate

The Covid-19 pandemic has attracted capital from Vietnamese investors in cryptocurrencies. About 6 million Vietnamese own digital assets. In an interview with Techinasia, investor Nam Nguyen, 25, said he invested $3,000 in the cryptocurrency market during the boom in March 2021. The profit he earned was used to maintain his restaurant after the social distancing […]

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asia01
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Trade integration deepens in Asia-Pacific region amid pandemic, says ADB report

Xinhua – Trade among economies in the Asia-Pacific rose to the highest level in three decades, bolstering the region’s economic resilience amid the COVID-19 pandemic even as mobility restrictions and supply-chain disruptions hampered global trade, according to an Asian Development Bank (ADB) report released on Wednesday. The Asian Economic Integration Report 2022 said the strong intraregional […]

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