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StanChart sees only 4 6% PH growth this year
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Indian Stocks Remain Resilient Despite Covid Surge as Investors Hang on and Try to Look Longer Term
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Useful insights: (clockwise from top left) Standard Chartered Bank Singapore’s Koh and Divya, HDC’s Hanisofian, Tanamera Tropical’s Faisal, Julie’s Ang, Matrade’s Leany and Standard Chartered Saadiq Malaysia’s Bilal.
KUALA LUMPUR: Malaysian businesses must actively tap into global halal market opportunities as they increasingly look outside the country’s borders for growth, according to speakers at the recent Export Excellence Awards (EEA) 2021 webinar.
Entitled Halal Export Opportunities, the second webinar in the EEA 2021 Webinar Series featured experts from a wide range of industries, starting off with Standard Chartered Bank Singapore economist (Asia) Jonathan Koh’s economic forecast for Malaysia and the world.
Philippine Peso Eyes Technical Support in Yield Storm
Bloomberg 3/1/2021 David Finnerty
(Bloomberg) The Philippine peso has been under siege from rising Treasury yields and buoyant crude prices. But technicals may offer some support.
The peso slumped to its lowest level in six months last week following an extension of coronavirus-led curbs in the nation and delays in vaccine rollouts. The 10-year Treasury yield’s surge to 1.6% added to the bearish sentiment.
Still, losses have been limited to near the dollar-peso’s 200-day moving average so far, spurring hopes that the barrier may hold at least in the near term. The pair’s relative strength index, a momentum indicator, is in the overbought territory, providing further support to the Philippine currency.
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