Foreign exchange market
Indonesia rupiah hits 17-year low on slowing economy
Indonesia's rupiah dropped to a 17-year low against the US dollar on June 4, pressured by slowing economic growth and high inflation in Southeast...
Vietnam cuts dong rate to US dollar by 1%
The State Bank of Vietnam (SBV) on June 18 announced the decision to adjust the exchange rate between the Vietnam dong and the US...
Vietnam plans to tighten foreign exchange rules
Vietnam reportedly plans to set up a new regulation under which foreign residents can no longer deposit foreign currencies at banks in Vietnam.
The State...
Alternative to the fainting dollar: Look at the renminbi
The US dollar has had some of its worst weeks in months after series of bad news including the US government shutdown, weak employment...
Indonesia seals $10b currency swap with South Korea
Indonesia and South Korea on October 12 agreed to enter a bilateral, three-year currency swap deal worth up to $10 billion, which could help...
Jakarta, Beijing eye $40b currency deal
Indonesia will sign a currency swap deal with China in October for up to $40 billion, the Jakarta Post on September 20 quoted Trade...
ASEAN markets await crucial Fed decision
ASEAN stocks and currencies were down on September 18 as countries eagerly awaited the decision of the US Federal Reserve to reduce its quantitative...
Singapore is largest FX trading center in Asia
Singapore has been ranked the largest foreign exchange center in Asia, overtaking Japan, and the 3rd largest in the world in 2013, after London...
Myanmar’s black market still actively trading
This past week, Myanmar’s unofficial currency market began trading the US dollar for over 1,000 kyat, the first time the currency broke that mark...
Myanmar kyat in free fall
Myanmar's currency, the kyat , has been hitting consecutive record lows over the past weeks, raising concerns about the stability of the country's fiscal...
Myanmar kyat weakening steadily
Myanmar's currency, the kyat, has been weakening steadily against the US dollar since the formerly tightly controlled exchange rate has been floated in April...
Election bodes well for Philippine bourse
The Philippine Stock Exchange (PSE) will remain on a steady positive trajectory no matter the results of midterm elections scheduled for Monday, May 13,...
Myanmar revamps monetary policy
To prepare for large foreign direct investment inflows, Myanmar plans to implement an independent monetary policy in the first half of next year. Cash...
Indonesia prepares for forex imbalances
Although the Greek elections have given the global economic community renewed hope for a solution of the European debt crisis in the medium term,...
Asian stocks surge on Greek elections
Asian stock markets jumped in the morning sessions on Monday, June 18, as a positive reaction to the Greek election results. The Nikkei index...
Myanmar starts managed currency float in April
Myanmar will begin a managed float of its currency, the kyat, from April 1, the central bank said in a statement published in an...
Air Asia shows lower net profits but higher revenue
Despite rising fuel costs which led to a decrease in overall profits in the first quarter of 2011, revenue is up for Air Asia. ...
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Thailand, Singapore most vulnerable to potential US recession
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists...