Operator
Ladies and gentlemen, thank you for standing by, and welcome to FangDD Network Group Limited first-quarter 2021 earnings call. [Operator instructions] Please note that this event is being recorded. Now, I d like to hand the conference over to your speaker host today, Ms. Linda Li, the company s director of capital markets.
Thank you. Please go ahead, Linda.
Linda Li
Director of Capital Markets
Thank you, operator. Hello, everyone, and thank you for all all joining us on today s call. The company has announced its first-quarter 2021 financial results today. Our earnings release is now available on the company s IR website.
PETALING JAYA: Bank Negara’s growth forecast for 2021, which was reaffirmed recently despite the introduction of stricter movement restrictions, remains achievable although economists largely predict an expansion closer to the lower-end of the central bank’s 6% to 7.5% forecast.
Judging from the impact caused by the second round of movement control order (MCO 2.0) that began on Jan 13 and lasted for over seven weeks, some experts think the MCO 3.0 would also have a moderate impact on the pace of economic recovery.
The Malaysian economy only contracted marginally by 0.5% year-on-year in the first quarter of 2021 (Q1). This was the smallest contraction since the pandemic struck.
BENGALURU:Turkey’s lira fell to a six-month low on Thursday as risks of tighter US monetary policy after strong inflation data weighed on most emerging market assets, with stocks set for their worst day since late March.
The lira fell around 0.8 percent to 8.4968 against the dollar, just a few points shy of its 8.5789 record low. The currency was likely subject to offshore selling on Thursday, given that Turkish markets were closed for a holiday.
Recent losses in the lira have brought the focus back to Turkey’s shrinking foreign exchange reserves, as well as its central bank, which is hesitant to tighten policy even as inflation surges.
EMERGING MARKETS-Turkish lira leads FX losses, stocks tumble on inflation fears Reuters 2 hrs ago
Popular Searches CEE currencies gain slightly
By Shashank Nayar
May 13 (Reuters) - Turkey s lira fell to a six-month low on Thursday as risks of tighter U.S. monetary policy after strong inflation data weighed on most emerging market assets, with stocks set for their worst day since late March.
The lira fell around 0.8% to 8.4968 against the dollar, just a few points shy of its 8.5789 record low. The currency was likely subject to offshore selling on Thursday, given that Turkish markets were closed for a holiday.
Recent losses in the lira have brought the focus back to Turkey s shrinking foreign exchange reserves, as well as its central bank, which is hesitant to tighten policy even as inflation surges.