SYDNEY: Most Asian currencies were tepid on Wednesday, with the Philippine peso falling most, as investors await the conclusion of the Federal Reserve’s (Fed) policy meeting for clarity on the future United States rate path. The Philippine peso was on track to snap its five-day gaining streak, falling 0.4%, while the Thai baht remained flat. Traders […]
Read MoreASIAN currencies began the week on a mixed note on Monday after a rescue plan for Credit Suisse materialised over the weekend, while simmering concerns over the health of the global financial system dampened sentiment. The Malaysian ringgit and Philippine peso appreciated 0.1% each, while the Indonesian rupiah and Singapore dollar weakened 0.2% and 0.1%, […]
Read MoreHighlights from the Asian Economic Integration Report 2023 (AEIR) by the Asian Development Bank (ADB) show that nations in the Asia and Pacific region are seeing the effects of tightening monetary policies as countries try to tackle inflation. According to the report, although Asia’s trade volume remains strong, many advanced economies are tightening their monetary policies to […]
Read MoreLive selling is a trend that has gained popularity in Southeast Asia in recent years as a way for businesses to sell their products or services directly to consumers, according to a report conducted by Ninja Van Vietnam. HCM CITY — Live selling is a trend that has gained popularity in Southeast Asia in recent […]
Read MoreTravellers are set to come out in fuller force across the Asia-Pacific region this year, though still-high inflation and structural hurdles likely will leave the critical industry still far from pre-Covid levels. Tourist arrivals across the region should reach about half of their 2019 levels, with a full recovery to pre-pandemic norms pushed back to 2025 […]
Read MoreThailand and China are among the lone bright spots in Asia, projected to have higher real GDP growth this year even as the rest of the region is battered by unfavourable global economic conditions and geopolitical tensions, according to global trade insurer Atradius. The insurer’s recent “Regional Economic Outlook Asia” report indicated the regional economic recovery […]
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