The money's on Asean currencies
While some caution still lingers, the stage is increasingly set for Asean foreign exchange (forex) to outperform in the second half of 2025 (2H25).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
31 minutes ago
- The Star
Asean news headlines as at 10pm on Tuesday (July 8)
Malaysia * Rubio to attend Asean meeting in first Asia trip * M'sia to continue striving for mutually beneficial trade deal with US, says Miti * Asean urged to stay united in keeping region free of nuclear weapons * Asean's Zopfan revived thanks to China and Russia's support, says expert * Rosmah awarded RM100,000 in TikTok defamation lawsuit * Timor-Leste's accession to SEANWFZ treaty will expand nuclear-free region, says Tok Mat * Malaysia hit with 25% tariffs, up from 24% * New director-general Mohd Shuhaily aims to transform border control agency * The 47th Asean Summit in KL poised to be largest ever * Malaysia scores RM1.16bil in potential sales at Paris Airshow * Ex-oil company exec charged with over RM400,000 in bribes * Salesman charged with cheating in RM5.1mil glove deal * AICHR aims for historic adoption of two human rights declarations under Malaysia's leadership * Four foreign nationals, one Malaysian charged with drug trafficking * Nhaveen murder trial put off pending apex court decision on appeal * INTERACTIVE: What you need to know about Malaysia's exports to the US, in 4 charts * US clouds Malaysia rate path with surprise threat of 25% tariff * AKPS implements stricter recruitment policies to combat smuggling * Asean prioritises human rights in its regional integration efforts * Visits to Italy, France and Brazil achieved key objectives, says PM Anwar * Three major events set to turn KL into urban development nexus in August * JPJ recalls 8,322 Kia, Yamaha, Mercedes-Benz vehicles * Manhunt for a monk: Suspected molester sought by Sepang cops * Putra Heights inferno: Sime Darby selected to rebuild destroyed houses, says Amirudin * China-based chain Nong Geng Ji expands its footprint in the Klang Valley Singapore * Malaysian tycoon Ong Beng Seng's new pre-trial conference date in Singapore set for July 23 * Two Malaysians found hiding in car boot in bid to leave Singapore illegally * Singapore FM to attend 58th AMM and related meetings in Kuala Lumpur * Man jailed for buying at least 20 iPhones worth S$40,000 using credit card details of scam victims * SIA flight from Brisbane to Singapore diverted to Perth due to technical issue: Report Thailand * Thailand drops casino legalisation plans after PM suspended * Pop Mart plane makes debut flight to celebrate China-Thailand anniversary * Autistic boy allegedly sets fire to Thai shopping mall * Thai authorities vow crackdown on cannabis-infused products after toddler hospitalised * Cultural row erupts as Thai dress seeks Unesco status amid Cambodian claim * Thai exports brace for impact as US slaps 36% tariff Indonesia * Ferry accident in Bali strait sparks calls to improve Indonesia's maritime safety * Prabowo's BRICS debut puts Indonesia's Asean ties and US relations to the test, analysts say * Death toll from passenger ship sinking in Bali Strait rises to ten * Malaysia, Indonesia to open over 10 new border entry points in Kalimantan, says Saifuddin * Indonesia pledges to buy more US wheat in bid for trade deal * Jakarta's Asean Park plan faces pushback over Barito Market relocation * Indonesian charged with countryman's murder in Sibu Philippines * Philippines struggles to green schools amid climate risks * Philippines summons Chinese envoy over sanctions against former senator * Filipino singer Ronnie Liang says over 100 women victimised by fake AI videos of him * Philippines detains 15 police officers over alleged killings of cockfighting fans Vietnam * Vietnam to offer unprecedented incentives for digital tech companies * Hanoi court sentences man to death for murdering entire family * Vietnam State Bank readies measures to counter tariff impact * Vietnam to complete 900km of expressways in 2025 Cambodia * Cambodia ready to fund transport of 20 antiquities from Thailand * US revises trade tariff on Cambodia to 36 per cent * Cambodian garment workers fret Trump's new tariff threat Myanmar * Myanmar's rare twin elephant calf dies after being accidentally trampled by mother * Fishing season resumes in Myanmar's waters, but Labour shortages hinder operations Laos * Laos rolls out Bus Rapid Transit trial to boost public transport * Ethnic festival showcases rich cultural diversity of Laos Brunei * Brunei Sultan calls for reforms in zakat governance during surprise visit * Cleaner jailed for outraging modesty of Brunei teen in department store toilet Aseanplus * China says Australian PM Albanese to visit this week * South Korea trade minister seeks reduction in auto, steel tariffs * From 'fantastic' to 'spoiled': How Japan's trade effort to woo Trump backfired * Tropical storm Danas looms over China after battering Taiwan, killing two * China detains principal over lead poisoning of 200 children * Japanese Emperor Naruhito meets Mongolian president to boost ties * China's Li, Brazil's Lula pledge joint effort to bring AI to farming * Dozens missing after floods on Nepal-China border * Seoul scorches at 37.8 deg C, highest early-July temperature ever recorded * Asian nations push for US tariff concessions before August deadline * Japanese racehorse famed for losing all her races sees surge in popularity after mobile game launch * China probes Wuhan ex-mayor who presided over Covid response * High-flying Indonesian and leading South-East Asian R&B band Juicy Luicy to headline Malaysia's Ruang Inspirasi Festival (RIF) on Aug 17 * Indian villagers beat five to death for 'witchcraft' * China-based chain Nong Geng Ji expands its footprint in the Klang Valley * Pakistan army chief rejects Indian allegation of Chinese help in May conflict * Crowds celebrate Nepal ex-king's birthday in show of support * TVB star Kelly Fu eats 12 durians on first trip to Malaysia while co-star Owen Cheung struggles with a bite * TikTok reportedly prepping new app in the US as potential sale looms * Catch some sleep at these cute Pokemon rooms in Japan * Court to hold hearing on ex-leader Yoon's detention warrant * Lurid tale of China's cross-dressing 'red uncle' goes viral online * In Hiroshima, search for remains keeps war alive for lone volunteer * Hong Kong should have 'real' dialogue on same-sex partnership plan: LGBTQ groups * Pakistan confiscates 18 lions kept as pets in crackdown after attack * Which K-drama made South Korean President Lee Jae-myung cry? * iQIYI's C-dramas score big as eight of its series are in Enlightent's Top 20 cumulative effective plays in the first half of 2025 * Shinee member Taemin apologises for earthquake remarks on live stream * HK actress Samantha Ko discloses struggle with mental health issues and panic attacks * Ex-TVB star Lee Lung Kei, 74, embraces 38YO fiancee upon her release from prison: 'I've been waiting for a long time' * Most markets rise as Trump sends tariff letters, delays deadline
The Sun
an hour ago
- The Sun
ACWA Power boosts Malaysia's clean energy leadership with regional hub
KUALA LUMPUR: ACWA Power's decision to establish its Southeast Asian hub in Malaysia reinforces the country's role as a regional leader in sustainable energy. Prime Minister Datuk Seri Anwar Ibrahim highlighted this as a milestone in Malaysia-Saudi Arabia collaboration following discussions at the ASEAN-GCC Summit. The Riyadh-based company signed an MoU with MIDA in May to advance clean energy projects nationwide. ACWA Power aims to achieve a 12.5-gigawatt capacity by 2040, backed by an estimated US$10 billion investment. Anwar noted the investment aligns with Malaysia's energy transition policy, creating skilled jobs and enabling technology transfer. The firm is partnering with TNB Power Generation, UEM Lestra, and Terengganu Incorporated to develop renewable energy, hydrogen, and CCGT projects under the NETR framework. - Bernama
New Straits Times
2 hours ago
- New Straits Times
Khazanah boosts support for mid-tier companies
KUALA LUMPUR: Khazanah Nasional Bhd is ramping up support for domestic mid-tier companies (MTCs) through a dual-track strategy under its Dana Impak initiative. This approach combines capacity building with growth capital through private credit and private equity. The initiative aims to benefit over 100 MTCs by strengthening capabilities, improving access to funding and driving innovation-led growth. "Khazanah's private credit strategy under Dana Impak aims to accelerate the growth of Malaysian MTCs through non-dilutive financing solutions," it said in a statement. Khazanah is partnering with Navis Capital Partners, a Kuala Lumpur-based Asean-focused investment firm, and Granite Asia, to provide customised credit solutions that support the growth of local MTCs. Under its private equity track, the sovereign wealth fund is also working with experienced fund managers to help MTCs scale up, enter regional markets, and enhance operations. It also announced a partnership with Malaysian private equity firm Creador, known for helping growth-stage companies expand regionally and unlock performance through value creation. Khazanah managing director Datuk Amirul Feisal Wan Zahir said that through Dana Impak, the fund serves as both catalyst and connector. It addresses gaps in the ecosystem, providing long-term capital where the market falls short, investing in talent, and attracting private investors. "Our focus on levelling up Malaysian MTCs represents our Advancing Malaysia strategy to enhance Malaysia's economic competitiveness and resilience.
