The baht opened at 33.10 to the US dollar on Friday, strengthening from Wednesday’s closing rate of 33.35. The Thai currency is likely to move between 33.05 and 33.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht was likely to be volatile and weaken due to the Covid-19 situation […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has further eased foreign exchange transaction rules to boost efforts to convert half of retail transactions in the country to digital channels by 2023. BSP Governor Benjamin Diokno said the Monetary Board last week approved the revisions to the Manual of Regulations on Foreign Exchange Transactions. […]
Read MoreThe Bank of Thailand said on Tuesday that headline inflation should decline and hover around the lower band of its target range of 1%-3% by the end of the year. A jump in inflation in the second quarter was deemed as temporary due to the low base of energy prices and several price relief measures […]
Read MoreFood and beverage (F&B) establishments here continue to struggle with manpower shortages, despite offering higher pay. Many outlets are under-staffed by 20 per cent to 30 per cent, said the Restaurant Association of Singapore (RAS), which has more than 500 members, including restaurants, caterers and fast-food chains. “Many F&B brands have also commented that even […]
Read MoreThe State Securities Commission (SSC) has reported that Vietnam was the second-fastest growing stock market in the first half of the year, despite the fourth Covid-19 outbreak. The VN Index reached new peaks. As of June 30, the VN Index had climbed to 1,408.55 points, up 27.6 percent over late 2020. The liquidity in the […]
Read MoreMANILA, Philippines — Moody’s Analytics has warned the Philippines about loosening its social restrictions amid the recent trend in the resurgence of COVID-19 infections as well as the spread of the Delta variant across Asia-Pacific. In a report, Moody’s Analytics senior Asia-Pacific economist Katrina Ell and economist Stefan Angrick said the contagious Delta strain is […]
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