Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

Malaysia: Unemployment ticked lower in March – UOB

The jobless rate in Malaysia eased to 4.7% in March and is seen around 4.0% by year-end, suggested Senior Economist at UOB Group Julia Goh and Economist Loke Siew Ting.

Key Quotes

“The nation’s unemployment rate moderated for the second straight month to 4.7% in Mar (from 4.8% in Feb). It was mainly due to the relaxation of COVID-19 containment measures during the month. The number of unemployed people reduced by 24.3k or 3.1% m/m to 753.2k (Feb: -5k or -0.6% m/m to 777.5k), while the labour force participation rate rose to a one-year high of 68.6% (Feb: 68.5%).”

“Total employment gained the most in seven months by 58.7k or 0.4% m/m to 15.33m persons (Feb: +33.3k or +0.2% m/m to 15.27m). It was primarily lifted by the continued hiring in services, manufacturing and construction sectors amid encouraging signs of turnaround in selected economic activities while the domestic vaccine program is being rolled-out. Meanwhile, employment in the agriculture and mining & quarrying sectors remained on a downtrend.”

“Despite signs of stabilisation in the labour market since late 2020, the retightening of Movement Control Order (MCO 3.0) in targeted areas this month is expected to pose short-term hurdles to the nascent recovery of the labour market over the next few months. Given that most economic sectors are allowed to operate, with ongoing support from the government’s hiring and upskilling initiatives, this will help prevent a steeper fallout on employment. We reiterate our 2021 year-end unemployment rate forecast of 4.0% (BNM forecast: 4.0%-5.0%; end-2020: 4.8%).”

AUD/USD rebounds to 0.7850 area as USD struggles to find demand

The AUD/USD pair advanced to its highest level since late February at 0.7892 on Monday but made a sharp U-turn in the second half of the day to close
Read more Previous

GBP/USD is pointing to an extended downside correction

GBP/USD has retreated from the highs amid fresh US inflation fears. Britain's reopening, the improving political landscape and BoE's move toward the e
Read more Next