Entering malaysia from singapore

Investors turned modestly bullish on currencies of South Korea, Malaysia and Thailand, supported by prospects of China’s reopening, a Reuters poll found, while bearish positions on other Asian currencies hovered at multi-month lows amid a weaker greenback. Market participants turned bullish on the U.S. dollar-sensitive South Korean won for the first time since July 1, 2021, the poll of 12 analysts showed on Thursday. The fortnightly poll was conducted before U.S. Federal Reserve Chair Jerome Powell signalled slower rate hikes from as soon as December late on Wednesday, following which the safe-haven dollar lost its footing. The dollar index tumbled 5.2 percent in November, its worst monthly showing since September 2010. Expectations that the dollar’s strength and U.S. yields had peaked saw investors return to emerging markets in November. “Given the negative burden of the Fed’s tightening cycle on Asian currencies, an eventual pivot toward easing will likely deliver a rally in … [Read more...] about Asian FX bulls loom on signs of slowing Fed rate hikes, China reopening: Reuters poll

- A + A KUALA LUMPUR (Dec 1): Bursa Malaysia ended higher for the second consecutive day on Thursday (Dec 1), with the key index rising by 0.18% as continuous buying interest was seen in the heavyweight plantation counters. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 2.71 points to 1,491.51 from Wednesday's closing of 1,488.8. The market bellwether opened two points better at 1,490.8 and moved between 1,487.34 and 1,497.24 throughout the day. Market breadth was positive with gainers outnumbering losers 711 to 344, while 379 counters were unchanged, 799 untraded and 14 others suspended. Turnover decreased to 3.94 billion units worth RM3.07 billion versus 4.71 billion units worth RM4.41 billion on Wednesday. Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the FBM KLCI ended marginally higher in tandem with the improving sentiment in global equities. He said the key regional indices were also in the green … [Read more...] about Bursa closes on positive note

- A + A KUALA LUMPUR (Dec 1): Ireka Corp Bhd has been slapped with a RM97.91 million suit from a joint venture (JV) partner linked to obligations of a JV agreement for a development project. In a Bursa Malaysia filing on Thursday (Dec 1), Ireka said the dispute is related to a JV agreement dated Dec 31, 2009, entered between the company, ASPL M9 Ltd, and Urban DNA Sdn Bhd (UDNA) with the primary objective of overseeing the development of the RuMa project. According to Ireka, UDNA was to be the developer of the project, with a 70:30 shareholding split between ASPL M9 and Ireka. "It was also alleged under the writ that the plaintiff (ASPL M9) and the company (Ireka), had on the same date entered into an unwritten [JV agreement] on equivalent terms to the [JV agreement]," the builder and property developer added. ASPL M9 is claiming RM97.91 million — RM51.08 million obligation under Clause 5.2.2 of the JV agreement and the unwritten JV agreement, RM31.95 million in … [Read more...] about Ireka slapped with RM98 mil suit linked to JV agreement

Inventories in Indonesia have hovered between 3.5 million tons and 4 million tons since 2010 as against popular estimates of 1.5 million tons to 2 million tons, said Dorab Mistry, director at Godrej International Ltd. Godrej Industries Ltd., part of a 125-year-old Indian conglomerate, is looking to boost the number of oil palm plantations as the government aims to raise local output and cut the nation’s heavy imports. The group’s agriculture and chemicals arm Godrej Agrovet Ltd. -- India’s largest oil palm processor backed by Singapore’s sovereign wealth fund Temasek Holdings Pte. -- will more than double the acreage of oil palm trees it manages over the next six years, Chairman Nadir Godrej said in an interview at the company’s headquarters in Mumbai. Godrej, which runs businesses spanning consumer goods, financial services and real estate, is bolstering its position after Prime Minister Narendra Modi’s administration announced last year that it will spend 110.4 billion … [Read more...] about Godrej group to double oil palm plantations in six years

Share to Twitter Share to Linkedin Building the future of consumer data ownership as the CEO & Co-Founder of Surf . I want to talk about a growing trend I see in the tech space called “X to Earn.” This is where consumers opt to exchange their personal data in different categories for compensation of some variety. This trend has been around for a number of years now, with early versions of it being in the form of survey apps where users would fill out surveys in exchange for money. Now, this wasn’t a lot of money, but it was a start, and people were infatuated with the idea that they could earn some money for doing something as simple as filling out surveys. We can even see in this Reddit post from seven years ago that people were looking to use these platforms to earn a little extra beer money. Since then, the “X to Earn” movement has continued to gain steam. Why? I believe there are two reasons: 1. It’s the perfect alignment of … [Read more...] about How Digital Assets And Web3 Are Driving The ‘X To Earn’ Movement

SentBe CEO Alex Choi speaks during an interview with Korea JoongAng Daily in the company office in Gangnam, southern Seoul, on Nov. 22. [PARK SANG-MOON] SentBe, a remittance provider, started offering transfer services from the United States on Monday. It also offers outward remittance services to Singapore and Indonesia. “I’ve learned that different countries have different standards and market practices,” said Choi in an interview with Korea JoongAng Daily at the company office in Gangnam, southern Seoul, on Nov. 22. Choi said different markets all have very different business environments for overseas foreign exchange remittance. In the United States, SentBe had to be “particularly cautious about information security.” Choi added, “there are so many unicorn startups competing, but a lot of their primary markets are South America or Europe. They don’t seem to consider Southeast Asia as a primary market." He named Vietnam, the Philippines, Indonesia and Thailand as some … [Read more...] about SentBe offers U.S. remittance services