MOST Asian currencies recovered marginally on Tuesday, with the South Korean won and Singapore dollar leading gains, as the U.S. dollar pared some of its overnight gains. The Malaysian ringgit declined sharply as political uncertainty dampened sentiment. The U.S. dollar, which rallied in the previous session on mounting worries over China’s COVID situation, moved broadly […]
Read MoreAirasia ride, a ride-hailing service under the airasia Super App, is forging ahead with an aggressive move to entice drivers with a low 15% commission fee, while setting competitive fares to attract passengers, particularly tourists. It indicated its fares are about 15% lower than its competitors. It expects the ride-hailing service will attain profitability within a […]
Read MoreKUALA LUMPUR (Nov 29): DBS Group Research said it expects Singapore’s economic growth momentum to slow further in 2023. In an economics and strategy note on Singapore’s 2023 outlook, DBS Research said growth in the fourth quarter could potentially fall below 2% year-on-year (y-o-y), with risk of another sequential decline due to further drag from […]
Read MoreMANILA, Philippines — The Philippine economy may grow above seven percent this year before slowing down significantly next year amid major external headwinds, according to S&P Global Ratings. In a report, the debt watcher raised its gross domestic product (GDP) growth forecast for the Philippines to 7.1 percent from the original target of 6.3 percent […]
Read MoreMany Vietnamese businesses have boosted foreign fundraising to cope with their capital shortage amid the country’s tightened monetary policy. In the context of tightened and expensive domestic capital sources, mobilising capital from abroad is an opportunity for local reputable enterprises and banks, and many of them have recently announced huge loan agreements with foreign financial […]
Read MoreKUALA LUMPUR: Malaysian exports rose 15% year-on-year (y-o-y) to RM131.6bil in October 2022, with Penang registering the highest exports at RM7.1bil. Malaysia’s total trade in October jumped 21% to RM245.2bil. The Statistics Department said according to the export-import statistics by state for October, higher exports were also recorded in most states such as Johor (RM4.8bil), […]
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Thailand
