Malaysian Ringgit opens lower against US dollar despite DXY correction

By Rosemarie Khoo Mohd Sani KUALA LUMPUR, May 31 (NNN-Bernama) — The Malaysian ringgit opened lower against the US dollar on lack of buying support, despite a correction in the greenback index or DXY which fell further to 101.367 points after being in an overbought position for some time, an…

U.S.-Led IPEF Threatens ASEAN Centrality, Unity: Cambodian Academic

PHNOM PENH, May 31 (NNN-AKP) – The so-called Indo-Pacific Economic Framework (IPEF), led by the U.S., is another strategy to undermine the centrality of ASEAN, and to create divisions among the bloc’s member states, a Cambodian academic said yesterday. In an opinion piece, published in the English-language newspaper, Khmer Times,…

Lao Ruling Party Resolves Action To Urgently Address Economic Woes

VIENTIANE, May 31 (NNN-KPL) – The Lao People’s Revolutionary Party (LPRP) Central Committee, resolved action, to urgently address economic difficulties, especially those relating to fuel shortage, fluctuating currency exchange rates and rising inflation. The 11th Party Central Committee adopted the resolution at its fourth session, which took place in the…

Australian Bank Sued For Overcharging On Customer Transactions

SYDNEY, May 30 (NNN-AGENCIES) – Australia’s financial regulator, the Australian Securities and Investments Commission (ASIC), moved to sue the Australia and New Zealand Banking Group Ltd (ANZ), for allegedly misleading and overcharging customers. ASIC said today that, in the span of two years of investigation, 165,750 ANZ customers were charged…

Indian Local Gov’t To Allow Exploration Of India’s Largest Gold Reserves

NEW DELHI, May 30 (NNN-PTI) – Local government in the eastern Indian state of Bihar, decided to grant permission for exploration of its gold reserve, an official said yesterday. The gold reserves, believed to be the country’s largest, are said to be in Jamui district, about 170 km south-east of…

Pakistani PM Announces New Relief Package For Low-Income Segment

ISLAMABAD, May 29 (NNN-APP) – Pakistani Prime Minister, Shahbaz Sharif, announced a new relief package worth 28 billion rupees (around 140 million U.S. dollars) per month, to mitigate impact of increase in prices of petroleum products, on lower-income people of the country. In a televised address to the nation, Friday…

Roundup: Indonesia Woos Investors To Boost EV Battery Industry

by Nurul Fitri Ramadhani JAKARTA, May 29 (NNN-XINHUA) – The Indonesian government is wooing foreign investors, to help develop the electric vehicle (EV) ecosystem, as it is on a green energy transition. “We are very confident that investing for EVs in Indonesia will be profitable, because we are rich in…

Thailand’s Export Growth Eases In Apr

BANGKOK, May 27 (NNN-TNA) – Thailand’s exports, a key driver of the country’s economic growth, climbed 9.9 percent year on year, in Apr, data showed yesterday. The growth, below market expectation of 14.6 percent, moderated from a rise of 19.5 percent, registered in March, according to data released by the…

India’s Central Bank To Opt For “Graded Approach” Towards Proposed Digital Currency

MUMBAI, May 28 (NNN-PTI) – India’s central bank, yesterday said, it will be opting for a “graded approach” towards introducing its digital currency. In its annual report released yesterday, the Reserve Bank of India said, the design of the central digital coin needed to be in line with the objectives…

Nepal To Cut Taxes On Petroleum Products

KATHMANDU, May 28 (NNN-XINHUA) – The Nepali government has decided to cut taxes on petroleum products, due to rising costs of fuels, a minister announced yesterday. Addressing the House of Representatives, Dilendra Prasad Badu, minister for industry, commerce and supplies, said, a cabinet meeting last Monday, endorsed a proposal of…
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