Thu, 20 Jan 2022

KUALA LUMPUR -- Fitch Solutions Country Risk and Industry Research said Monday it retained Malaysian Ringgit 2022 average exchange rate forecast at MYR4.20/USD (U.S. dollar), while also forecasting an average of MYR4.20/USD in 2023.

The Fitch group unit said in a note, the short-term outlook for the ringgit remains weak due to bearish technical signals and uncertainty caused by the emergence of the Omicron variant. (Malaysia-Fitch-Ringgit)

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COLOMBO -- Sri Lanka's tea exports will earn 1.3 billion U.S. dollars in 2021, state media citing a top government regulator reported here Monday.

Jayampathy Molligoda, chairman of the Sri Lanka Tea Board (SLTB) which is the tea industry's top regulatory and administrative body, said that tea exports had surpassed 1.2 billion dollars by the end of November and would surpass 1.3 billion dollars by the end of 2021. (Sri Lanka-Tea Exports-Regulator)

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TOKYO -- Japan's government on Monday submitted to parliament a draft extra budget for fiscal 2021 worth a record 36.0 trillion yen (320 billion U.S. dollars) to partially finance its latest economic package, local media reported Monday.

The budget is expected to be approved by the Diet in an extraordinary parliamentary session, which will start Monday afternoon and run through Dec. 21. (Japan-Extra budget)

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ADEN, Yemen -- Yemen's national currency on Sunday fell to its lowest level against all other international currencies in years on Sunday, as the war-torn country's years-long military conflict deepens.

Yemen's riyal sharply declined in the provinces controlled by the government despite the measures taken by the country's central bank to curb the devaluation, banking sources said. (Yemen-Currency-Depreciate)

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