The Myanmar kyat has strengthened against the greenback and is now trading at K1465 per US dollar, according to the Central Bank of Myanmar. In comparison, the exchange rate was more than K1500 per US dollar in November 2019. Yet, export volumes have been rising, indiciating that Myanmar goods are still affordably priced. For the first […]
Read MoreA decision on the tariff rate for non-alcoholic beer is expected this month, says the Excise Department. The Finance Ministry has asked the department to reconsider the rate to be slapped on alcohol-free beer because the details turned in for consideration were incomplete, said director-general Patchara Anuntasilpa. The department also needs to discuss the issue […]
Read More[JAKARTA] Indonesia’s annual inflation rate in January was 2.68 per cent in January, the statistics bureau said on Monday, below market expectations. Analysts polled by Reuters had forecast a reading of 2.86 per cent. The inflation figure was calculated using the bureau’s new formula, which changes the base year of the Consumer Price Index (CPI) […]
Read MoreMANILA, Philippines — The stock market may sustain its downward trend this week as fears of the novel coronavirus continue to sent jitters across the globe. BDO Research said risk aversion is contagious and coronavirus has infected investor confidence. Japhet Louise Tantiangco, senior research analyst at Philstocks Financials, also said that downside risks remain. “Risks remain tilted […]
Read MoreMyanmar wants to expand its exports to other markets to hedge against a potential dip in demand from China, where a new respiratory virus has infected more than 14,000 people and killed more than 300, mostly from Hubei province, where illnesses from the new type of coronavirus were first detected in the city of Wuhan […]
Read MoreKasikornbank (KBank) looks set to use digital banking to make inroads into the regional retail market, tapping higher-yield business. With digital technology, costs for individual customer acquisition have declined significantly, meaning regional retail banking contributes better yields than regional wholesale banking, said co-president Pipit Aneknithi. “We plan to offer a full range of retail digital […]
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Thailand
