MANILA, Philippines — Consumer price growth could soften below 3% in May on the back of stable food prices, a global bank said Tuesday. In a note sent to reporters, ING bank said inflation this month likely cooled down below the government’s 2%-4% target amid falling rice prices. “With food prices likely stable or decelerating, […]
Read MoreBANGKOK: The Thai baht defied the “Sell in May” playbook and is heading for the top spot in in global emerging markets this month, driven in part by foreign inflows into the nation’s bond and stock markets. The currency has gained 0.3% against the U.S. dollar in May as of 11:06 a.m. in Bangkok, making […]
Read MoreSINGAPORE: The US Treasury added Singapore, Malaysia and Vietnam to a watchlist for currency manipulation, putting their foreign-exchange policies under scrutiny. Singapore made the list because of its large current account surplus and net foreign currency purchases of at least $17 billion in 2018, equivalent to 4.6% of GDP, according to the Treasury. Malaysia was […]
Read MoreHANOI: Vietnam may be one of the world’s fastest-growing economies, yet it’s still in the dark ages when it comes to joining the global trend toward cashless transactions. To understand why, look no further than to consumers like Tran Van Nhan, who recently bought his two-bedroom home in Hanoi with gold and a sack of […]
Read MoreThe baht defied the “Sell in May” playbook and is heading for the top spot in in global emerging markets this month, driven in part by foreign inflows into the nation’s bond and stock markets. The currency has gained 0.3% against the dollar in May as of 11.06am, making it the sole gainer among developing-nation […]
Read MoreThe Bank of Thailand is keeping close watch on a possible move by the United States to declare the country a currency manipulator, even though the kingdom is not currently on Washington’s watchlist, governor Veerathai Santiprabhob said on Wednesday. Mr Veerathai said the US decision not to include Thailand on the list showed that close cooperation […]
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