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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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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th01
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Thailand: Consumer sentiment dips slightly in January

Consumer sentiment declined for the first time in five months in January as consumers fretted about a spike in Omicron infections, the slow pace of the country’s economic recovery and rising food prices. The University of the Thai Chamber of Commerce (UTCC) reported yesterday the consumer confidence index fell to 44.8 in January from 46.2 […]

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