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The U.S. dollar-Chinese yuan has become the most-traded currency pair in Hong Kong, surpassing the Hong Kong dollar-U.S. dollar for the first time in April, the financial hub’s Treasury Markets Association said.
• Average daily foreign exchange turnover in Hong Kong rose to $908.2 billion in April, the TMA said in its semi-annual survey published this week.
<...A mandatory offer from KKR to buy Philippines-based First Gen Corp would value it at around 165.44 billion pesos ($2.70 billion), the power producer and its parent First Philippine Holdings said on Thursday.
First Gen disclosed on Wednesday that KKR had offered to buy an 8.43 per cent stake in the company from First Philippine.
The stake buy would likely t...
Destry Damayanti has been nominated as the sole candidate for the job, said a presidential spokesman.
Indonesia’s president has nominated acting central bank governor Destry Damayanti as the sole candidate to take over the job she has held since the abrupt resignation of Perry Warjiyo last month, the government said on Monday (Aug 10).
“There is only one n...
OCBC posted a 22 per cent rise in second-quarter net profit, while UOB saw a 10 per cent increase in net profit in the second quarter, helped by record wealth fees.
Singapore lenders OCBC and UOB reported higher second-quarter profits on Friday (Aug 7), as income from wealth management and other fee-based businesses helped offset pressure from lower interest rates o...
The Philippine economy grew at its weakest annual pace since 2021 in the second quarter due to a slump in construction and softer domestic demand, but the government said there were some signs that activity may improve in the second half of the year.
Growth slowed to 2.3 per cent in the June quarter, the statistics agency said, below the 2.8 per cent median forecast...