Peso and rupiah weaken as Asian currencies trade mixed
The Philippine peso fell 0.23% and Indonesia’s rupiah lost 0.22%, while the South Korean won led gains against the US dollar.
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- MarketsIndonesia
Rupiah opens unchanged at Rp18,000 per US dollar
Indonesia’s currency held steady after an 11.32 per cent stock market fall amid uncertainty over a possible MSCI reclassification.
- EconomyIndonesia
Indonesia targets recovery in Pertalite stocks within one week
Reserves of the subsidised RON 90 fuel stand at 16 to 18 days, below the normal 20-day level, as motorists switch from higher-priced alternatives.
- Business & CompaniesMalaysia
MSM’s Prai sugar refinery to stay open with planned 15-year lease
Railway Asset Corporation says the refinery is outside the Kampung Manis redevelopment, with the lease agreement still to be formalised.
- MarketsIndonesia
Prima Tunas Investama raises Bank Ganesha stake to 9.04 per cent
The shareholder bought 1.38 billion BGTG shares at Rp125 each in transactions valued at Rp172 billion.
- MarketsIndonesia
Rupiah closes at Rp18,000 per US dollar as BI intervenes
Indonesia’s coordinating economic minister linked the currency’s decline to MSCI’s proposed market reclassification, which is not yet final.
- Trade & PolicyMore ASEAN
Cambodian business leader urges push for free trade deal with Turkiye
The Cambodia Chamber of Commerce signed a cooperation agreement with its Turkish counterpart as the two countries seek US$1 billion in bilateral trade.
- Banking & FintechIndonesia
Indonesia targets July 2027 launch for insurance policy guarantees
Insurers would need to meet financial health requirements before joining, with phased registration planned for firms not initially eligible.
- Business & CompaniesSingapore
Singapore Airlines appoints Lee Theng Kiat and Henrik Poulsen to board
Both are independent, non-executive directors. SIA said Lee is not a nominee of Temasek, the airline’s largest shareholder.
- MarketsIndonesia
MSCI seeks feedback on proposed change to Indonesia’s market status
A final decision is due by 30 June 2027, while FTSE Russell continues to classify Indonesia as a Secondary Emerging Market.
