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Emerging Asian currencies rally spurred by hopes of trade deals
Emerging Asian currencies rally spurred by hopes of trade deals

Free Malaysia Today

time05-05-2025

  • Business
  • Free Malaysia Today

Emerging Asian currencies rally spurred by hopes of trade deals

Bloomberg's gauge of Asian currencies hit a six-month high, with Malaysia's ringgit advancing to its strongest level since October. (Freepik pic) SINGAPORE : The currencies of Taiwan and Malaysia led advances among Asian peers on Monday, with sentiment lifted by hopes of a thaw in Sino-US trade tensions. Bloomberg's gauge of Asian currencies hit a six-month high, with Taiwan's dollar surging more than 2% in opening trades to the strongest level in over two years. Meanwhile, Malaysia's ringgit advanced to its strongest since October. MSCI's index of emerging market equities also gained. The rally in regional stocks and currencies comes after President Donald Trump suggested the US may strike trade deals with some countries as soon as this week, offering the prospect of relief for trading partners. 'Trade de-escalation is broadly positive on Asia FX as markets may feel more confident to buy the dip in the Asian assets that have been hammered due to Trump 2.0,' said Peter Chia, a strategist at United Overseas Bank Ltd. 'At the same time, it is worth noting that until trade deals are announced, Asia FX may stay volatile.' While the stiff tariffs announced by the Trump administration in early April roiled financial markets, they've since steadied amid signs that talks with Asian nations are progressing and trade tensions between China and the US are thawing. Underscoring the positive shift in sentiment is the huge turnover in Asian options and non-deliverable forwards. The South Korean won and Taiwan dollar ranked high among such contracts on Monday for a second session running, data compiled by Bloomberg show. That followed high turnover in Asian options and non-deliverable forwards going into the weekend. Markets in Hong Kong and mainland China were closed for a holiday on Monday.

Hannah Yeoh delights crowd with homemade apam balik
Hannah Yeoh delights crowd with homemade apam balik

The Sun

time29-04-2025

  • Entertainment
  • The Sun

Hannah Yeoh delights crowd with homemade apam balik

YOUTH and Sports Minister Hannah Yeoh is a prominent figure in Malaysian politics, known for her consistent support of sports development. But at a recent event, she showed off a lesser-known talent — making apam balik! Photographer Peter Chia captured a heartwarming moment at the Segambut Hari Raya Aidilfitri open house, where the Segambut MP was seen cheerfully serving freshly made apam balik to attendees. 'The VIP apam balik seller — YB Hannah Yeoh, our Youth and Sports Minister — at yesterday's Hari Raya open house in Segambut. You can see the endless stream of people waiting for her apam balik,' Peter wrote in his post. In a 58-second video uploaded to his Facebook page, Hannah is seen flipping the crispy Malaysian pancake before carefully folding it and plating it for eager residents. 'I'm sorry, it's not very pretty, but it's still edible,' she could be heard saying as she handed over the dessert. The video also showed a steady line of excited Malaysians patiently waiting for their turn to receive an apam balik — personally flipped and served by their MP. Malaysian netizens were impressed by Hannah Yeoh's culinary effort, with many saying attendees were lucky to get a taste of the apam balik. 'Awesome, YB! So lucky to get to eat apam balik made by Hannah Yeoh herself,' commented Fineey Hai. 'Kudos for the effort, but please don't start selling them. Anyway, keep serving from the heart, our beloved YB!' added Masriah Dahlan. ALSO READ: 'Super handsome and an amazing runner' - Malaysian runner bumps into Syed Saddiq running, leaves her starstruck

'VIP apam balik seller' - Hannah Yeoh dishes up apam balik at Segambut Parliament Raya Open House, delights crowd
'VIP apam balik seller' - Hannah Yeoh dishes up apam balik at Segambut Parliament Raya Open House, delights crowd

The Sun

time29-04-2025

  • Entertainment
  • The Sun

'VIP apam balik seller' - Hannah Yeoh dishes up apam balik at Segambut Parliament Raya Open House, delights crowd

YOUTH and Sports Minister Hannah Yeoh is a prominent figure in Malaysian politics, known for her consistent support of sports development. But at a recent event, she showed off a lesser-known talent — making apam balik! Photographer Peter Chia captured a heartwarming moment at the Segambut Hari Raya Aidilfitri open house, where the Segambut MP was seen cheerfully serving freshly made apam balik to attendees. 'The VIP apam balik seller — YB Hannah Yeoh, our Youth and Sports Minister — at yesterday's Hari Raya open house in Segambut. You can see the endless stream of people waiting for her apam balik,' Peter wrote in his post. In a 58-second video uploaded to his Facebook page, Hannah is seen flipping the crispy Malaysian pancake before carefully folding it and plating it for eager residents. 'I'm sorry, it's not very pretty, but it's still edible,' she could be heard saying as she handed over the dessert. The video also showed a steady line of excited Malaysians patiently waiting for their turn to receive an apam balik — personally flipped and served by their MP. Malaysian netizens were impressed by Hannah Yeoh's culinary effort, with many saying attendees were lucky to get a taste of the apam balik. 'Awesome, YB! So lucky to get to eat apam balik made by Hannah Yeoh herself,' commented Fineey Hai. 'Kudos for the effort, but please don't start selling them. Anyway, keep serving from the heart, our beloved YB!' added Masriah Dahlan.

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