Showing 1 - 7 of 7
Singaporeans flock to Malaysia for bargains as dollar hits record high
Bloomberg News, Published on 08/02/2024
» SINGAPORE - Carman Lee is back in Ipoh, her hometown in northwestern Malaysia, after a seven-and-half hour bus ride from Singapore for the upcoming Lunar New Year. The Westin Singapore employee has another reason to celebrate this festive season: an all-time high local dollar that makes everything that much cheaper against the ringgit.
Yuan’s slump puts Asia’s rate-cutting central banks on alert
Published on 05/08/2019
» China’s decision to weaken its currency amid an escalating trade war will put Asian central banks on the defensive as they gauge how much monetary-policy easing their economies can withstand.
Ringgit slumps most in Asia
Published on 26/08/2015
» Malaysia’s ringgit sank to a 17-year low on Wednesday as concern about the finances of a state investment firm at the heart of a political scandal worsened the outlook for an economy rocked by plunging oil prices and an emerging-market selloff.
Asian central banks are forever blowing bubbles
Published on 13/06/2015
» Recent years have seen reams of research on the role of central banks in inflating asset-price bubbles. The latest developments in Asia suggest that more may be coming.
Singapore holds off monetary easing
Published on 14/04/2015
» Singapore refrained from easing monetary policy again after a surprise move in January as it said its current stance was appropriate.
Asia stocks hit by Greek fears
Published on 10/02/2015
» HONG KONG — Asian markets slipped Tuesday on renewed fears Greece will default on its debt obligations, but Shanghai rallied on fresh easing hopes after Chinese data showed inflation at its lowest level in more than five years.
Thailand to keep rates as growth holds
Published on 24/07/2012
» Thailand and the Philippines are likely refrain from cutting interest rates this week as the Southeast Asian economies withstand a global growth slowdown that spurred policy easing from Brazil to China, according to economists.