BENGALURU (Nov 30): Most emerging Asian currencies were set to log monthly gains against the US dollar on Thursday, on rising bets that the Federal Reserve would cut policy rates earlier than expected, triggering entries into riskier assets.

Asian FX log monthly gains on growing Fed rate cut bets

BENGALURU (Nov 29): Most emerging Asian currencies hit multi-month highs on Wednesday, with the Taiwan dollar and Malaysian ringgit leading the pack, as the US dollar slid to a more than three-month low on increasingly dovish commentary from the Federal Reserve, while investors also awaited a Thai central bank decision on rates.

Most Asian FX boosted by increasingly dovish comments; Thai decision eyed

Most emerging Asian currencies were bolstered by a weak US dollar on Tuesday, with the South Korean won leading the charge after softer US economic data signalled a potential pause in Federal Reserve (Fed) rate hikes and spurred a positive trend in equities.

Most Asian FX lifted on potential Fed rate hike end; equities rise

BENGALURU (Nov 27): Most Asian currencies drifted in a narrow range on Monday, with the Thai baht and the Indonesian rupiah leading gains, while their equity peers slipped as investors awaited further clues on the outlook for inflation globally.

Most Asian FX, stocks muted; await inflation and central bank cues

(Nov 26): Emerging-market stocks and currencies are heading for their best month since January, but there are major pitfalls ahead that could derail the rally.

Pitfalls lie in wait for emerging markets after euphoric month

BENGALURU (Nov 24): Asian currencies and equities were largely subdued on Friday, with Thailand's baht and South Korean won leading declines, as increasing scepticism over whether the US Federal Reserve is done with interest rate hikes kept risk appetite in check.

Asian markets mostly weaker; Thai baht, Korean won biggest laggards

Most Asian currencies and equities eased on Wednesday after a recent rally, as investors exercised caution around their expectations of a potential end to US rate hikes after minutes of the Federal Reserve's last meeting.

Indonesian rupiah drags weak Asian FX lower; stocks rangebound

Emerging Asian currencies and most equities in the region rose on Tuesday after the US dollar touched new lows, with investors turning bullish on riskier Asian assets on renewed hopes of a potential end to US interest rate hikes.

Asian stocks, FX rally as markets eye Fed rate cuts, US dollar weakness

Most Southeast Asian currencies rose on Monday, led by the Taiwanese dollar and South Korean won, as prospects of a potential end to US interest rate hikes weighed on the greenback.

Asian currencies nudge higher on dollar weakness, stocks largely up

The Taiwan dollar rose on Friday, boosting the currency to its strongest weekly rally in a year, supported by prospects of an easing in cross-strait tensions after the two China-friendly main opposition parties agreed to make a decision on a joint presidential ticket for January's elections.

Taiwan dollar set to post strongest weekly gain in a year 

The Philippine peso pared some losses, while equities advanced after the country's central bank kept interest rates steady and signalled that the inflation outlook of the country is moderating.

Philippine peso pares losses after cenbank stands pat on rates

Emerging Asian currencies and stocks advanced on Wednesday, with the Indonesian rupiah and Malaysian ringgit rising more than 1% each, after positive economic data from China and a surprisingly soft US inflation print bolstered investor risk appetite.

Asian FX, stocks advance after US inflation surprise, China data

Most Asian currencies declined on Tuesday, while equities were mixed as investors remained wary of riskier Asian assets ahead of US inflation data, which will provide clues on the Federal Reserve's interest rate outlook.

Asian FX subdued, equities mixed; US inflation data eyed

Emerging-market stocks rose for the first time in five days on Monday on signs of improving corporate performance in Asia and a thaw in US-China relations, while traders gear up for key US inflation data on Tuesday.

Emerging stocks pause four-day drop on corporate Asia's outlook

Oil was little changed on Thursday as investors remained cautious ahead of expected production cuts by the Opec+ group and as weaker-than-expected Chinese factory data underscored slowing growth in the world's second largest economy.

Oil inches up, all eyes on Opec+ meeting outcome

The FTSE Bursa Malaysia KLCI (FBM KLCI) recouped after a weak opening and finished in positive territory on Thursday thanks to late buying on Dialog Group Bhd, CelcomDigi Bhd and Nestle (M) Bhd stocks, a dealer said.

KLCI ends in positive territory on late buying

Prime Minister Datuk Seri Anwar Ibrahim on Thursday received a courtesy call from Indonesian Defence Minister Prabowo Subianto at Seri Perdana, Putrajaya.

Anwar said various issues of mutual interests, including Malaysia-Indonesia bilateral ties and cooperation in defence and security, were discussed during the meeting.

PM receives courtesy call from Indonesian Defence Minister Prabowo

DUBAI/BRUSSELS/WASHINGTON (Nov 30): As global leaders gather in Dubai for the world’s UN climate conference, delegates hope to clinch an early victory on a disaster fund on Thursday, before the summit turns its focus to fossil fuels and other divisive topics.

COP28 summit opens with hopes for early deal on climate damage fund

(Nov 30): President Xi Jinping visited Shanghai for the first time in three years, putting a spotlight on China’s top financial center as investors look for policymakers to boost waning private sector sentiment and the technology sector.

Adding to the symbolism of the two-day trip, Xi w...

Xi’s first Shanghai visit since 2020 showcases tech, finance

Sumitomo Mitsui Financial Group Inc named Toru Nakashima as chief executive officer, turning to an experienced insider to lead Japan’s second-largest bank following the death of his predecessor.

Sumitomo Mitsui taps Nakashima as CEO following Ohta’s death

The Philippines has raised US$1 billion (RM4.6 billion) from its maiden issue of sukuk or Islamic bonds, the country's treasury bureau said in a statement on Thursday.

Philippines raises US$1b from maiden sukuk issue

Six months after abandoning a hot China recovery trade, Taosha Wang is poised to dive back in.

Fidelity, Invesco preparing for revival in China’s beaten-up markets

Japanese retail conglomerate Seven & i Holdings said on Thursday it had agreed to purchase the 7-Eleven convenience store chain in Australia for A$1.71 billion (US$1.1 billion or RM5.28 billion), further expanding its ownership of the brand.

Japan's Seven & i expands 7-Eleven empire with purchase of Australian franchise

KUALA LUMPUR (Nov 30): The government plans to introduce a special law to improve and enhance disaster management preparedness in the country, the Dewan Rakyat was told on Thursday.

Govt plans to introduce special law for disaster management

Singapore and Zurich surpassed New York to become the&nbsp;world’s most expensive cities to live in this year, according to a new global survey.

Singapore, Zurich surpass New York to become world’s most expensive cities to live in — survey

The government released its Progressive Wage White Paper on Thursday, proposing to implement a pilot project between June and September next year that involves a selected number of companies that register to voluntary participate in it, with full implementation to be determined later.

Progressive wage to cover those with RM1,500-RM4,999 monthly salary, MNCs, GLCs exempted, White Paper proposes

Shares in Pharmaniaga Bhd fell in early trade on Thursday, after the pharmaceutical group proposed a regularisation plan that consists of a capital reduction exercise, renounceable rights issue of news shares plus private placement, to raise up to RM654.61 million to pare down debts.

Pharmaniaga slips on 3Q net loss, opaque outlook

Malaysia received nearly 1.5 million tourist arrivals from China and India during the first nine months of 2023 (9M2023), according to Tourism, Arts, and Culture Minister Datuk Seri Tiong King Sing.

Malaysia saw nearly 1.5 million tourists from China and India in 9M2023, says minister

KUALA LUMPUR (Nov 30): Shares in Supermax Corp Bhd fell 7.77% in the morning session on Thursday, after the glovemaker logged a net loss of RM2.05 million in the first quarter ended Sept 30, 2023 (1QFY2024), marking the group’s fourth straight loss-making quarter, as revenue shrunk amid weaker demand and persistent lower selling prices. Its quarterly loss narrowed from the preceding three quarters.

Supermax slides 7.77% after fourth straight loss-making quarter

Elon Musk, the billionaire owner of X, said the advertisers that had stopped spending on the platform due to his endorsement of an antisemitic post can “f——” themselves.

Elon Musk, slinging expletives, says advertiser boycott on X may kill it

Alliance Bank Malaysia Bhd saw its net profit rise 16.98% to RM185.33 million for the second quarter ended Sept 30, 2023 (2QFY2024), from RM158.42 million a year before, due to higher revenue and lower expected credit losses.

Alliance Bank's 2Q net profit up 17% to RM185m, declares dividend of 10.85 sen

Analysts lowered their target prices (TPs) for Axiata Group Bhd, after the telecommunications company’s net loss widened to RM797.41 million for the third quarter ended Sept 30, 2023 (3QFY2023), from RM52.4 million a year ago, mainly due to asset impairment and lower share of results from subsidiary CelcomDigi Bhd.

Analysts lower target prices for Axiata on wider 3Q net loss, frontier market risks

KUALA LUMPUR (Nov 30): The revival of several mega infrastructure projects has provided the much-needed impetus to the Malaysian construction sector, driving the construction stocks index on Bursa Malaysia to a two-year high by&nbsp;20.74% year-to-date&nbsp;(as of Nov 27), as well as the industry to post stronger growth.

Revival of mega infrastructure projects sparks construction sector growth, sustainability at work

KUALA LUMPUR (Nov 30): Dissatisfaction over a government decision alone is not the basis to take the&nbsp;government to court, the High Court here remarked on Thursday.

KL-SG high-speed rail suit: ‘Mere dissatisfaction over govt decision alone not basis for legal action’

The Securities Commission Malaysia (SC) said it will not tolerate any non-compliance by capital market players, and will not hesitate to take criminal action against those involved in fraudulent activities.

SC will not hesitate to take criminal action against 'bad actors' in capital market, says chairman

KUALA LUMPUR (Nov 30): RGB International Bhd’s net profit&nbsp;for the third quarter ended Sept 30, 2023 (3QFY2023) jumped 20-fold to RM 26.07 million, compared to a net profit of RM1.08 million a year earlier.&nbsp;

RGB makes quantum leap with 3Q net profit of RM26.07 mil on sturdy sales

Grab-led GX Bank Bhd (GXBank) has officially launched its digital bank to Malaysians, making it the first of the five Bank Negara Malaysia licensees to do so.

GXBank now open to public

KUALA LUMPUR (Nov 30): Hong Leong Bank Bhd’s (HLB) net profit rose 4.93% to RM1.03 billion for the first quarter ended Sept 30, 2023 (1QFY2024) against RM981.41 million a year ago, on higher contributions from the bank’s associates and reversal of impairment losses.

Hong Leong Bank’s 1Q earnings up 5% on better associates’ contribution, reversal of impairment losses

TA Securities sees a positive outlook for Malaysia Airports Holdings Bhd (MAHB), against the backdrop of the pending signing of a new operation agreement (OA) and the announcement of the new passenger service charge (PSC) for 2024, and the impairment of receivables comprising mainly RM27.4 million from MyAirline&nbsp;suspension. &nbsp;

TA Securities upgrades MAHB to 'hold', raises target price amid strong recovery prospects

As a rush of Wall Street strategists call for all-time highs in US stocks in the year ahead, JPMorgan Chase &amp; Co&nbsp;stands apart, releasing the gloomiest forecast so far among its peers.

JPMorgan’s S&P 500 outlook for 2024 is grimmest on Wall Street

Warren Buffett’s Berkshire Hathaway Inc&nbsp;said the billionaire former owner of Pilot Travel Centers sought to influence Pilot executives’ business decisions in order to juice the company’s quarterly earnings and pump up the value of his remaining stake in the truck stop chain.

Buffett's Berkshire says billionaire Haslam promised illicit payments to juice Pilot’s profit

RHB Research has maintained its 'buy' recommendation and target price (TP) of 60 sen for Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) following the latest contract win from Petrofac International (UAE) LLC.

Analysts maintain stances on MHB after contract win from Petrofac

KUALA LUMPUR (Nov 30): Gamuda Land unveiled on Thursday,&nbsp;its first hotel project, ASAI Gamuda Cove. The hotel is part of the 1,530-acre Gamuda Cove township development in Selangor and will be managed by Dusit Hotels and Resorts, the hotel arm of Thailand-based hotel and property development company Dusit International.

Gamuda Land unveils first ASAI hotel in Gamuda Cove

China’s most famous entrepreneur broke years of silence about Alibaba Group Holding Ltd with a call to arms for employees, following years of brutal government punishment and strategic missteps that cost the e-commerce pioneer its place as leader of the country’s tech industry.

Emerging Markets

‌
‌

Emerging Markets

‌‌

‌
‌