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Asian currencies edge up as markets reassess trade war disruptions

BENGALURU: Asian currencies strengthened for the third consecutive day on Friday, supported by a weaker dollar and shifting views over how much damage the Sino-U.S. trade war will inflict on global demand and export-reliant regional economies.

Auto industry TIV to drop from September

KUALA LUMPUR: CGS-CIMB Research expects the total industry volume (TIV) for the automotive sector to drop post SST-implementation this month due to an increase in average selling prices compared to the tax holiday period.

Indonesia aims to coax, not compel, exporters to convert dollar

JAKARTA: Indonesia's finance minister said the government aims to "persuade" exporters to keep earnings onshore and convert them into rupiah, rather than make this mandatory, amid confusion over a plan floated this week to support the ailing currency.

Some analysts point to tougher rules in Malaysia and Thailand, though also question whether copying them could breach Indonesia's free foreign exchange regime.  Malaysia has, since 2016, required exporters to convert 75 percent of their earnings to ringgit, while Thai exporters must keep export proceeds above a certain amount in authorized banks for 360 days.

Selangor Properties Q3 profit jumps 70%

PETALING JAYA: Selangor Properties Bhd (SPB) has registered a 70% growth in net profit to RM33.2mil for the third quarter ended July 31, 2018 (3Q18), compared to the corresponding quarter last year.

In a Bursa Malaysia filing, SPB said it was increasing marketing efforts to drive sales of units in AIRA Residence project. (File pic shows model of Aira Residence project)

Dollar near 7-week lows as investors look for fresh drivers

LONDON: The dollar neared a seven-week low against a basket of other currencies on Wednesday, while commodity currencies advanced on relief that the latest round of tariffs announced by China and the United States were not as harsh as the market expected.

Malaysians travel more despite ringgit's devaluation

GEORGE TOWN: Although the value of the Malaysian ringgit is depreciating, Malaysians still continuing to travel to both local and foreign destinations, according to the Malaysian Association of Tour and Travel Agents (MATTA).

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