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Thailand: Worst export figures in a decade

June exports were down 23.17% year on year, the lowest since July 2009, but the Commerce Ministry expects the situation to improve later this year. Pimchanok Vonkorporn, director-general of trade policy and strategy, said on Friday that June exports were worth US$16.4 billion and imports came in at $14.8 billion, down 18.1%. In the first […]

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Singapore manufacturing output down 6.7pc in June

SINGAPORE, July 24 — Singapore’s manufacturing output decreased 6.7 per cent in June 2020 on a year-on-year basis, according to the Singapore Economic Development Board (EDB). However, the board said excluding biomedical manufacturing, output grew 2.1 per cent. As for performance by clusters, the EDB said electronics output grew 17.3 per cent in June 2020 […]

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Thailand: BoT allays concerns over currency manipulation

The Bank of Thailand affirms that it has not manipulated the baht through foreign exchange intervention to gain a trade advantage. Thailand’s central bank continues to inform and talk with the US Treasury Department about global capital movement and Thailand’s current account surplus, said Chantavarn Sucharitakul, assistant governor for the communications and corporate relations group. […]

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