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Most emerging Asian currencies softened on Friday as investors remained wary of a fallout from debt-laden property developer China Evergrande, while Philippine shares outpaced regional peers after a dovish stance from the country's central bank.
The Philippine central bank held its key interest rate steady as the economy gradually reopens from pandemic lockdowns, while signaling that consumer prices will rise faster than previously anticipated for the next few years.
SINGAPORE: China Evergrande slipped toward a kind of limbo on Friday as time ticked away on an interest payment deadline which global markets are watching for signs of default, leaving investors on tenterhooks over the embattled property giant's fate.
KUALA LUMPUR: Islamic finance has significant global growth potential in line with the growing worldwide movement towards environmental, social and corporate governance (ESG), given their commonalities.
MEXICO CITY (Reuters) - Mexican used-car platform Kavak said it has more than doubled its valuation to $8.7 billion based on its latest funding round, making it the second-most valuable startup in Latin America as it eyes further expansion beyond its home market.
NEW YORK/HONG KONG: China Evergrande Group, once China's top-selling property developer, inched closer to a key deadline where it risks a default on its bonds, but world markets were calmer as investors and analysts played down the threat of its troubles becoming the country's "Lehman moment."
Indonesia’s central bank left its benchmark interest rate unchanged at a record low as the economy begins to emerge from the country’s worst coronavirus wave and financial markets brace for tighter policy in the US.
Letter from DATUK LIM BAN HONG, International Trade & Industry Deputy Minister, MCA vice-president