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Thailand: Weak baht to fuel rice exports

Thai rice exports are expected to continue to increase for the rest of this year, helped by the weak baht and relatively low prices. Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, said he was bullish about Thai rice export prospects for the remaining months of 2021 after exports tallied only 2.8 million […]

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Philippines: BSP rates unmoved, inflation target hiked

MANILA, Philippines — Interest rates remained at record lows as the Bangko Sentral ng Pilipinas (BSP) continued to maintain an accommodative monetary policy stance until the economy fully recovers from the pandemic-induced recession. BSP Governor Benjamin Diokno said in a virtual press conference the Monetary Board decided to maintain the interest rate on overnight reverse […]

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Thailand: Stores face stockpiling challenges

Stockpiling of essential goods at home appears to be on the rise as a result of the ongoing lockdown, curfew measures and daily reports of rising Covid-19 infections and death tolls. Operators of supermarkets, hypermarkets and cash & carry stores report shoppers buying large volumes of daily goods such as packed rice, cooking oil, instant […]

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