Yen weakens past level of 145 a dollar, sterling pares gains
The fall came after Finance Minister Shunichi Suzuki’s comments that Japan stood ready for “decisive” steps in the foreign exchange market.
Economic Affairs
Nighttime offers profitable opportunities in China
About 60 per cent of consumption in China takes place at night, according to a report on urban residents' spending habits,
China’s manufacturing PMI up in September
The sub-index for production showed that it reached 51.5 in September, up 1.7 points from the previous month.
China’s economy to stay resilient: ADB
In the short term, however, the Chinese economy and other economies are facing headwinds.
Good news, bad news for Malaysia’s economy
While a weaker ringgit made Malaysian exports attractive and benefited exporters, it was also equally valid that the nation would eventually import less.
Cambodia set for multi-million dollar oil payday in Oct
Ministry secretary of state Meng Saktheara had earlier estimated that Cambodia’s share of the sale was expected to amount to “more than $25 million”.
Wage growth inevitable, but cannot outstrip productivity: Singapore DPM
Keeping wage increases sustainable could mean that salaries do not keep pace with higher costs of living in the short term, said Mr Wong.
Workers laid off during pandemic return to Mactan hotels, resorts
President of the Hotel, Resort and Restaurant Association of Cebu said hotels and resorts are now on their way to full recovery, two years since the pandemic hit the industry.
Malaysians cash in as pound and yen tumble
Malaysians are quickly capitalising on the drop, with those looking to travel to Japan purchasing the yen well in advance of their trips.
Recession fears raise concerns on shaky Kospi
As South Korea’s Kospi tumbled to a new intraday low in 26 months, analysts think the choppy local market is here to stay until price increases slow down significantly.