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Wow....Asean ditching USD de woh...BBFA is always correct...NTUC Voucher , CDC Voucher and Toilet Papers are better than USD, right Boss John?

10 ASEAN Countries To Ditch the U.S. Dollar​

Vinod Dsouza
Vinod Dsouza
May 20, 2024




ASEAN countries leaders
AFP PHOTO / Roslan RAHMAN / AFP PHOTO / ROSLAN RAHMAN

The Association of Southeast Asian Nations (ASEAN) countries are looking to promote local currencies for trade and ditch the U.S. dollar for cross-border transactions.

ASEAN consists of 10 countries and their economies are fast developing in the global sphere. This puts the USD under pressure, as several developing countries including the ASEAN bloc are looking to end reliance on the U.S. dollar.
 
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Gutzy Asia

Gutzy Asia​


PROPERTY

5-room DBSS in Natura Loft Bishan sold for S$1.5M, new record for the estate​

The recent sale of a 5-room DBSS flat in Natura Loft, Bishan, for S$1.5 million sets a new estate record, highlighting the rising value of prime HDB flats. Between June 2023 and May this year, at least nine similar units in Bishan St 24 sold for over S$1 million.
243511ce21753a746ffb49f01d5ad1aa

Published
20 hours ago
on
21 May 2024
By
Yee Loon
175A.jpg


SINGAPORE: The sale of a 5-room DBSS flat in Natura Loft, Bishan, for S$1.5 million (approximately US$1.11 million) has set a new record for the estate, underscoring the increasing value of prime HDB flats in Singapore.


Meanwhile...HDB Resale is creating alot value and wealth de woh....many many huat big big hah
 
SEARCH



Gutzy Asia

Gutzy Asia​


PROPERTY

5-room DBSS in Natura Loft Bishan sold for S$1.5M, new record for the estate​

The recent sale of a 5-room DBSS flat in Natura Loft, Bishan, for S$1.5 million sets a new estate record, highlighting the rising value of prime HDB flats. Between June 2023 and May this year, at least nine similar units in Bishan St 24 sold for over S$1 million.
243511ce21753a746ffb49f01d5ad1aa

Published
20 hours ago
on
21 May 2024
By
Yee Loon
175A.jpg


SINGAPORE: The sale of a 5-room DBSS flat in Natura Loft, Bishan, for S$1.5 million (approximately US$1.11 million) has set a new record for the estate, underscoring the increasing value of prime HDB flats in Singapore.


Meanwhile...HDB Resale is creating alot value and wealth de woh....many many huat big big hah
How much is this in kyat?
 
Bypass USD lol... you wait for US aircraft carrier to arrive at your doorsteps very soon lol..... Muammar Gaddafi learnt it the hard way....
 
Bypass USD lol... you wait for US aircraft carrier to arrive at your doorsteps very soon lol..... Muammar Gaddafi learnt it the hard way....
Thru Cik Biden "new re-engagement" with Asean...new US navy and airforce bases mushroomed un Pinoy Land
 
Bypass USD lol... you wait for US aircraft carrier to arrive at your doorsteps very soon lol..... Muammar Gaddafi learnt it the hard way....
Got many many oil under South China sea to huat bug big...Cik Biden will send more "Help" on the way
 
Ling haul ahead


Keep your powder dry.

Have fun and enjoy:)
 

Malaysian ringgit set for biggest monthly decline since 2015​

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Published Wed, Oct 30, 2024 · 04:00 PM
Ringgit



  • Malaysian fifty ringgit banknotes are arranged for a photograph in Tokyo, Japan, on Friday, Aug. 14, 2015.  Malaysia's ringgit plunged the most since 1998 on concern the nation is running out of ammunition to defend its currency amid a political scandal, a yuan devaluation and slumping oil prices. Stocks and bonds tumbled. Photographer: Kiyoshi Ota/Bloomberg



  • The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. PHOTO: BLOOMBERG
  • The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. PHOTO: BLOOMBERG
  • The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. PHOTO: BLOOMBERG
  • The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. PHOTO: BLOOMBERG
  • The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. PHOTO: BLOOMBERG
MALAYSIA’S currency is on course for its worst month in more than nine years, as investors scale back on risk assets amid concerns over the US election.
The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. The ringgit traded at 4.39 per dollar on Wednesday (Oct 30).
The renewed strength in the dollar is battering Asian currencies, almost all of which have come under heavy pressure in October as traders reassess the pace of Federal Reserve interest rate cuts and avoid risky assets in the run-up to the US election.

But the ringgit is partly a victim of its own success: a 14 per cent appreciation against the dollar in the last quarter, which made it Asia’s best performer, ensured there was room for a correction this month, according to OCBC.
“The previous gain was significant; therefore there’s more room for corrective play,” said Christopher Wong, a currency strategist at OCBC in Singapore. “The ringgit’s sensitivity to the yuan and the yen is also one of the highest in the region, which helps explain why it is suffering more than the rest.”
The Japanese yen is the only currency across Asia that has performed worse than the ringgit this month, losing around 6.3 per cent of its value against the dollar. China’s offshore yuan has depreciated around 2 per cent against the dollar.
 
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