Agriculture, electronics, and food and drink have been hit hardest by the baht’s 6% year-to-date appreciation, according to Asia Plus Securities (ASP). Porranee Thongyen, ASP’s head of research, said the stronger than expected baht hurt exporters like Sri Trang Agro Industry Plc, which earns most of its income in US dollars and mostly baht-denominated expenses. […]
Read MoreThailand’s consumer confidence in May declined for the first time in six months, due to a bomb blast at a Bangkok hospital, low commodity prices and slow economic recovery, a private survey showed on Thursday. The index of the University of the Thai Chamber of Commerce slipped to 76.0 last month from 77.0 in April. […]
Read MoreIf recent history is anything to go by, argue some, letting Thais invest more money abroad is unlikely to spur major outflows, and that will mean continued firmness for the baht currency – and continuing frustration for Thai exporters. Authorities in Thailand, which has large current-account surpluses, are trying to get citizens to invest elsewhere, […]
Read MoreSINGAPORE – International Enterprise (IE) Singapore signed a memorandum of understanding (MOU) with the Myanmar Investment Commission (MIC) on Thursday (June 8) that will open doors for more Singapore companies to explore collaboration in urban and housing solutions, utilities, transport and logistics, manufacturing, oil and gas and professional services. The MOU was signed by IE […]
Read MoreDollarisation in Cambodia’s economy remains very high, leading to increased local costs and reducing the appeal of the Kingdom’s exports, Chea Serey, director general of the National Bank of Cambodia (NBC), said at a business conference in Phnom Penh yesterday. The majority of transactions in Cambodia, between 82 to 84 percent of them, are still […]
Read MoreThe Ministry of Commerce and other relevant ministries will meet later this month to review progress on the country’s first consumer protection law and formulate a plan to complete the draft legislation, a ministry official said yesterday. The long-awaited legislation aims to level the playing field for businesses and protect consumers by reducing unethical and […]
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