Ringgit estimated to drop to RM3.35 to RM3.45 range against Singdollar
The ringgit is also likely to hit 5.00 against the US dollar, its record low, in the next six months.
Economic Affairs
Banking giants to inject 95 trillion won to ease liquidity strain
10 trillion won is set aside to manage liquidity at these South Korean groups’ affiliates, including brokerages, insurance, and card companies.
Japan plans to keep stake in Sakhalin-1 oil, gas project
US oil giant Exxon Mobil Corp., which had a 30 per cent stake in the project, announced its withdrawal in October.
China’s cultural industry posts steady growth in Jan-Sept
Almost all sub-sectors attained recovery in the first three quarters, logging rapid increases or narrowing declines in revenue.
Thailand’s tourism industry revving up thanks to Covid-19 downgrade: Pollsters
Most of the 1,148 respondents said that downgrading the Covid-19 virus’s status on will help stimulate the economy.
Vietnam posts trade surplus of $9.4 billion in 10 months
In October, the country's total export and import value was estimated at $58.27 billion, up 0.1 per cent month on month.
Halloween disaster dims Itaewon’s hopes of revival
Either to pay respect to the dead or spooked by the dangerous crowd surge on Oct 29, the usually bustling streets of Itaewon district are likely to remain empty for some time.
Global use of RMB growing steadily
The latest data showed that the renminbi is now next to the US dollar, euro, Japanese yen and pound sterling in terms of foreign exchange trades.
China faces growing risk of weakening external demand in Q4
It comes as monetary tightening across the world to contain red-hot inflation is curbing global economic growth.
Vietnam aims to become developed, high-income country with modern industrial base
A new plan sets out the future development of the country, with strong infrastructure and measures in place to protect the environment, among others.