The baht is defying the conventional wisdom that an interest-rate cut spurs weakness in a currency. The currency rose 0.2% on Thursday, erasing all of its decline the previous day when the Bank of Thailand delivered a surprise rate cut. The baht has proved resilient amid this month’s market turmoil and is up about 8% […]
Read MoreSINGAPORE: Singapore was among the bottom 10 for work-life balance and ranked the second most overworked city in a study of 40 cities released on Wednesday (Aug 7). The study by tech company Kisi showed Singapore came in 32nd among the 40 cities on the list for work-life balance. Helsinki nabbed the top spot, followed by Munich, Oslo, Hamburg […]
Read MoreVietnam is investigating the alleged dumping of plastic film material from China, Thailand and Malaysia, hurting the local industry. The investigation was initiated Monday at the request of two plastic producers, Taiwanese firm Hung Nghiep Formossa and South Korean firm Youl Chon Vina, on biaxially-oriented polypropylene (BOPP), a plastic film material used to make tapes. […]
Read MoreCentral banks in Thailand, India, Indonesia and South Korea boosted their reserves this year as global policy easing fueled foreign inflows and pushed their currencies higher It used to be that a buildup in foreign reserves was seen as a bulwark against currency shocks and swift turns in investor sentiment. Those days seem far away […]
Read MoreThe Hanoitimes – Central Group is committed to expanding investment in Vietnam, said the group representative. Central Group Vietnam, the owner of retail chain Big C Vietnam, has reopened purchasing orders for soft-line products from 169 out of 200 local suppliers, while the remaining 31 has voluntarily stopped supplying products for Central Group since early 2019, […]
Read MoreThe Bank of Thailand stunned the market on Wednesday by following the lead of other major central banks with a 25-basis-point rate cut, the first rate decrease since 2015, in an effort to boost the economy. The Monetary Policy Committee (MPC) voted 5-2 to cut the benchmark rate from 1.75% to 1.5%, akin to the […]
Read More
Thailand
