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Malaysia: Ringgit moves lower on profit-taking

KUALA LUMPUR: The ringgit opened lower against the US dollar today and on the back of mild profit taking and subdued global crude oil prices, dealers said. At 9.00 am, the ringgit stood at 3.8930/8960 against the greenback from Monday’s close of 3.8790/8840. The benchmark Brent crude recorded a 1.41 per cent decline to US$69.16, […]

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Philippines: SEC sets conditions for initial coin offerings

MANILA, Philippines — The Securities and Exchange Commission stressed that initial coin offerings (ICOs) must be registered with the SEC. In a briefing yesterday, SEC commissioner Emilio Aquino said unlike China and South Korea, the Philippines is allowing ICOs as long as the entities offering crypto currencies comply with the SEC’s registration and disclosure requirements. […]

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Indonesia: Inflation recorded at 0.73 percent in January: BI survey

The Month-to-month inflation rate until the fourth week of January stood at 0.73 percent, a survey by Bank Indonesia has found. The figure is slightly higher than 0.71 percent recorded in December. The latest figure brought the year-on-year (yoy) inflation rate projection to 3.36 percent, said Bank Indonesia Governor Agus Martowardojo in Jakarta recently. The yoy inflation rate projection is still within […]

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57% of Malaysians to buy properties this year

KUALA LUMPUR, Jan 29: PropertyGuru Malaysia’s latest consumer sentiment survey showed that 57 per cent of buyers in the country looking to transact properties in the next six months. Country Manager, Sheldon Fernandez said a significant number of buyers had modified their budgets and more prepared to transact. “With smaller budgets, they perhaps are better able […]

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