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AseanPlus News

Sideways trading seen for the ringgit as trade tension worsens

KUALA LUMPUR: The ringgit is expected to trade sideways next week, tracking the performance of other emerging market currencies as tensions between Washington and Beijing intensify along with recession fears. Combined with the global economic slowdown, ongoing Covid-19 (coronavirus) health pandemic as well as volatile oil prices, would put the local currency under pressure.


Turkey hopes 'healthy tourism' scheme will conquer coronavirus slump

ISTANBUL (Reuters) - At a luxury hotel in Istanbul, staff in gloves and masks space out and disinfect tables as they prepare for a scheme which Turkey hopes will rescue part of its $35 billion tourism industry from the ravages of coronavirus.