A seasonal downturn in Thailand’s baht driven by dividend outflows and a lack of tourists could be worse than usual this year amid rising global bond yields and less liquidity, according to Kasikornbank Pcl. A dropoff in tourists after the Songkran festival in mid-April and payouts to foreign stock investors usually spell declines for the […]
Read MoreKUALA LUMPUR: Malaysia is the only beneficiary of foreign inflows last week, according to MIDF Research. “We note that Malaysia was the only beneficiary of inflows last week among four Asean markets we track,” it said in its weekly fund flow report. The research house noted that international funds staged a commendable return to stocks […]
Read MoreMANILA, Philippines — The country’s trade deficit likely widened anew in February as imports remain elevated as part of the government’s massive infrastructure program, according to British banking giant HSBC. HSBC said the trade shortfall of the Philippines may hit $3.72 billion in February, 12 percent wider than the previous month’s $3.32 billion. “We expect […]
Read MoreMANILA, Philippines — The sale of goods and services to Philippine Economic Zone Authority (PEZA) entities will remain subject to zero percent value added tax, clearing a confusion over President Duterte’s line veto of zero VAT rating on the sale of goods and services to separate customs territories under the TRAIN Law. The Philippine Exporters […]
Read More
Thailand
