* Asian FX on track to decline this week * Thai baht set for a 2.2% weekly drop * Eyes on U.S. Aug nonfarm payrolls By Upasana Singh Sept 2 (Reuters) - Emerging Asian currencies were set to end the week in the red on Friday, with the Philippines' peso hitting a record low, after U.S. data bolstered the Federal Reserve's stance on policy tightening and pushed the dollar to a two-decade high. Thailand's baht depreciated 0.3% and was the weakest-performing currency for the week, set to decline 2.2%. Meanwhile, Indonesia's rupiah and Malaysia's ringgit fell 0.1% each and South Korea's won dropped 0.2%.
* Baht and rupiah lead losses * India's Jan-March GDP due at 1200 GMT * Indonesian markets closed on Wednesday By Savyata Mishra May 31 (Reuters) - The Thai baht and the Indonesian rupiah led losses for Asian currencies on Tuesday as U.S. Treasury yields jumped and the dollar held firm after hawkish remarks from a U.S. Federal Reserve Governor. Regional stock indexes were mixed. A bounce for both Asian stocks and currencies on Monday that had been driven by Shanghai's imminent reopening, was quick to dissipate on Tuesday after Fed Governor Christopher Waller called for a half percentage point hike in interest rates until inflation is decisively curbed.
The GemLife Gold Coast is one of the four retirement resorts that came onstream last year (Photo: GemLife) SINGAPORE (EDGEPROP) - Thakral Corp has confirmed that its retirement resort joint venture in Australia, GemLife, is in “advanced discussions” to be merged with a separate venture held by its local partner, the Puljich family.See also: Thakral Corp acquires site in Australia for retirement resortIn addition, GemLife is seeking “interest from potential investors” to take up “strategic stakes