Keyword: "currencies"

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UOB forecasts Vietnam's economic growth in 2024 to reach 5.9%. (Photo: VietnamPlus)

Vietnam’s economic growth takes hit from Typhoon Yagi: UOB

The Singapore-based United Overseas Bank (UOB) has downgraded Vietnam’s economic growth rate to 5.9% this year due to the impact of recent Typhoon Yagi, according to the bank’s latest report on the economic situation in the third quarter of the year.

A clerk checks USD banknotes at the headquarters of Hana Bank in Seoul. (Photo: Yonhap)

Malaysia, RoK renews currency swap deal

The Central Bank of Malaysia (BNM) announced that it has signed an agreement with its counterpart from the Republic of Korea (RoK) to extend a bilateral swap arrangement by another three years.

Malaysian government strives to strengthen value of local currency

Malaysian government strives to strengthen value of local currency

The clarity of policies including for the Madani economy framework that anchor the comprehensive restructuring of the Malaysian economy, the National Energy Transition Roadmap (NETR), and the New Industrial Master Plan 2030 (NIMP 2030) can help in attracting investments and strengthening the value of the ringgit (MYR), Prime Minister Anwar Ibrahim said at the Dewan Rakyat (lower house) on October 10.