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Currency News

EM ASIA FX-Malaysian ringgit, S. Korean won drop; Chinese yuan up

14 Mar 2018 20:52Reuters
March 15 (Reuters) - The following table shows rates for Asian currencies against the dollar on Thursday. CURRENCIES VS U.S. DOLLAR Change on day as of 0139 GMT Currency Latest bid Previous day Pct Move Japan yen 105.910 106.32 +0.39 Sing dlr 1.310 1 ... more

Malaysian conglomerate DRB-Hicom sells non-industrial land assets for $486 mln

08 Mar 2018 04:41Reuters
The cash portion of the deal - which would leave DRB-Hicom's property business with industrial land assets - is worth 289 million ringgit, while the rest would be settled via a cache of land bank in the southern Malaysian state of Johor near Singapore ... more

Asian currencies to mostly rise, bullish bets double on S.Korean won

08 Mar 2018 02:15The Edge Markets MY
On Thursday, the dollar drew some relief from indications the tariffs could include carve-outs for key partners, and steadied above a two-week trough against a basket of six major currencies, while markets waited for the signing of a presidential ... more

Bank Negara Malaysia's early move eases pressure to hike again

06 Mar 2018 23:54The Edge Markets MY
The yield level is not bad either.” Malaysia's sweet spot contrasts with the Philippines where the central bank has been reluctant to raise interest rates even though the economy is booming and inflation risks are rising. more

MPs: More can be done to prepare economy for future

27 Feb 2018 15:00The Straits Times
Singapore's economy will take years to transform, even as the Government rolls out its $4.5 billion plan to help companies innovate and expand overseas. more

Highest level of Malaysian properties remain unsold due to rising prices

26 Feb 2018 08:15BuyAssociation
It is perhaps no surprise then that the number of unsold residential properties in Malaysia is now at its highest level in a decade. more

Malaysia's Sunway Construction Group 4Q Net Profit Dips 0.8%

26 Feb 2018 05:03Nikkei Asian Review
KUALA LUMPUR (Feb 26) -- Sunway Construction Group, a Malaysian engineering and building material firm, said Monday its net profit dipped 0.8% in the fourth quarter from a year earlier as margins were slightly affected due to a decline in profitability ... more

UPDATE: Malaysia Hong Leong Financial Group's 2Q Net Profit Up 12%, Commerical ...

26 Feb 2018 04:07Nikkei Asian Review
KUALA LUMPUR (Feb 26) -- Hong Leong Financial Group, the financial services arm of Malaysian tycoon Quek Leng Chan, said Monday net profit rose 12% in the fiscal second quarter from a year earlier, mostly driven by commercial banking business. more
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