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.

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.

The US dollar has continued to strengthen against the Vietnamese dong (VND) as the exchange rate hit the ceiling limit across commercial banks on April 16 morning.

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.

The financial market in 2020 will become much more unpredictable and less active than the predictions made at the end of 2019 due to impact caused by the 2019 novel coronavirus (2019-nCoV) epidemic, according to a financial analyst.

The central banks of Thailand and Indonesia have signed a memorandum of understanding on the promotion of the use of their local currencies, bath and rupiah, for bilateral trade.

The trade-weighted Singapore dollar (SGD) has not been drastically affected by the devaluation of the Chinese yuan, according to the Monetary Authority of Singpore (MAS).