* Thai baht set for its worst week in a month * Singapore stocks up 0.5%, headed for worst week in 9 months * Philippines closed for holiday By Savyata Mishra Feb 25 (Reuters) - Emerging market currencies and stocks in Asia rose on Friday, tracking a broader recovery after Russia's invasion of Ukraine sent global assets tumbling in the previous session, although sentiment was still cautious. The Thai baht and the Indian rupee made a swift recovery against the dollar, with both jumping 0.4% each, even as oil prices surged nearly 3%. "I think the baht has now become a barometer of emerging market currencies and its rebound suggests that investors are probably buying the dips," said Margaret Yang, a Singapore-based strategist with DailyFX.
Singtel will be redeveloping its Comcentre headquarters on Orchard Road for over $2 billion (Photo: Singtel)SINGAPORE (EDGEPROP) - Singtel has announced plans to appoint a developer to jointly redevelop its Comcentre headquarters along the Orchard Road belt.See also: Lendlease Global Commercial REIT posts 2.6% higher 1HFY2022 DPU of 2.40 centsThe redevelopment will maximise the Comcentre site’s potential and increase building efficiency with a view to unlock value from the property, the company
The new Comcentre is expected to be completed in 2028.