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An Indian man robbed nearly 100,000 baht from a currency exchange shop in the Bangrak district of Bangkok on Monday and performed a wai before fleeing the scene. He was ultimately arrested yesterday, May 27. Officers from Bangrak Police Station received complaints from two currency exchange shops in the area: X-ONE Currency Exchange Centre on Surawong Road and WISE Exchange on Silom Road. A foreign man, whose nationality was initially unknown, approached staff at both locations, threatened them with a gun, and demanded money. The suspect failed to steal money...

* Malaysian ringgit falls 0.3% after reaching 3-week high * Thai baht weakens 0.4% * Thailand equities at 1-month low (Updates for afternoon trade) By Himanshi Akhand May 27 (Reuters) - Asian currencies reversed course to trade lower on Tuesday as a rally in global bonds whipsawed markets that remained concerned about U.S. fiscal health and President Donald Trump's erratic trade policies. The Malaysian ringgit fell 0.3% against a stronger dollaer after reaching a three-week high earlier in the session. The Singaporean dollar, Indonesian rupiah, and the Indian rupee weakened...

Wealthy mainland Chinese are increasingly shifting their attention and capital away from the US to other real estate markets amid rising geopolitical tensions between Washington and Beijing, according to property agents.In 2024, Chinese buyers’ demand for homes that cost more than US$5 million moved to Thailand, Australia and Canada, respectively, according to data tracked by Juwai IQI.By comparison, the US in 2023 was the top choice among Chinese buyers, according to the property portal, which has a network of over 50,000 real estate professionals across more than 30 countries.“Geopolitical friction,...

A decade ago, a traveler from Singapore visiting Bangkok or Jakarta would likely rely on U.S. dollars or a global credit card to settle the bill. Today, things are changing. A Malaysian tourist in Thailand can pay for street food by scanning a QR code, with money instantly debited from their account in ringgit and credited to the vendor in baht. Such small conveniences are part of a broader, quiet revolt in Southeast Asia – a concerted effort by regional governments to reduce their reliance on the U.S. dollar in...