HONG KONG (BLOOMBERG) – A macro hedge fund spun out of Millennium Management is building bullish positions in the Indonesian rupiah and Singapore dollar, betting that measures adopted by the two countries could boost their currencies. The Indonesian currency may appreciate as much as 4 per cent this year, bolstered by its drive to become a […]
Read MoreMANILA, Philippines — Despite a miniscule contraction in 2020, growth in remittances of overseas Filipino workers (OFWs) remains vulnerable, the Economist Intelligence Unit said. In a report, the economic think tank said a further fall in remittances by seven percent this year can be expected due to the lingering effects of the pandemic on the […]
Read MoreCambodia’s residential market is expected to begin the year growing at a slower pace that year-ago readings – as fears of a protracted Covid-19 pandemic stagnate prices – but close out 2021 with a modest boost, according to industry insiders. The general consensus is that growth will not surpass 2019 levels at any point of […]
Read MoreBANGKOK: Thailand’s economic outlook remained highly uncertain with large downside risks, so limited monetary policy room should be preserved to be used at the most effective time, minutes from the central bank’s last policy meeting showed. The public sector should implement sufficient targeted and front-loaded measures to support an economic recovery after a recent coronavirus […]
Read MoreKUALA LUMPUR: The ringgit opened slightly higher against the US dollar today as positive oil prices offset Movement Control Order (MCO) worries. At 9 am, the local currency rose to 4.0350/0400 against the US dollar from Wednesday’s close of 4.0370/0420. Axi chief global market strategist Stephen Innes said the ringgit snapped its run of gains […]
Read MoreVietnam’s digital economy is expected to reach $43 billion by 2025, according to the e-Conomy Southeast Asia report from Google, Temasek and new partner Bain & Company. Nguyen Quang Dong, Director of the Institute for Policy Research and Communication Development, said digital service industry is recording the fastest growth and is suitable with Vietnam’s strengths […]
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