* S.Korean won, Thai baht, Malaysian ringgit weaken * Singapore shares gain on easing COVID-19 curbs * Investors short on Thai baht for first time in 3 months - Reuters poll * Philippine c.bank holds rates, shares up 1% By Sameer Manekar March 24 (Reuters) - Emerging markets in Asia came under pressure on Thursday as uncertainty prevailed over potential impact from ever-tightening sanctions on Russia and consequent rise in commodity prices, further exacerbating inflationary pressures in the region. Global markets also faced the brunt of volatile commodities and an ever-more hawkish-sounding U.S. Federal Reserve. MSCI's broadest index of Asia-Pacific shares outside Japan as well as the world equity index were down about 0.2% each.
A senior Malaysian government minister has called on his nation to adopt bitcoin as legal tender, a move that could make Malaysia the next country to follow El Salvador's lead and fall to the bitcoin domino effect.
Malaysia's Airasia X (AAX) said on Wednesday it had completed its debt restructuring, and will write 33 billion ringgit ($7.86 billion) back to profits in the next quarter. It was approved by its creditors and the High Court of Malaya last year. It is one of many carriers in the Asia-Pacific region to have entered a court-overseen debt restructuring process to survive the pandemic.