The baht opened at 31.43 to the US dollar on Thursday, strengthening slightly from Wednesday’s closing rate of 31.45. The Thai currency is likely to move between 31.40 and 31.50 during the day, Krungthai Bank market strategist Poon Panichpibool said. He predicted that the baht would weaken in the short term due to the market […]
Read MoreCambodia on May 20 launched the Cambodia Business Council (CBC) in Bangkok to serve as a one-stop centre for business trade and investment, as well as cultural and tourism exchanges between Cambodia and Thailand. Initiated by the Cambodian embassy in Bangkok as the first of its kind, the CBC serves as a platform to enhance […]
Read MoreBangkok has fallen 19 places to the 49th most expensive location worldwide for international executive-standard accommodation, according to ECA International, a provider of information and software for the assignment of employees around the world. The decline reflects the severe impact that the Covid-19 pandemic has had on the rental market in the tourism-reliant Thai economy, […]
Read MoreThe Garment Manufacturers Association in Cambodia (GMAC) on Monday called on all stakeholders not to punish its members if they could not honor their delivery schedules because their production has been halted due to a COVID-19 lockdown. The Cambodian government has imposed a 14-day lockdown in the capital city Phnom Penh and its adjacent Ta […]
Read More(Bloomberg) — Indonesia’s central bank left its benchmark interest rate unchanged, and cut its outlook for economic growth, as it seeks to support an uneven recovery as foreign outflows pressure the country’s currency. Bank Indonesia kept the seven-day reverse repurchase rate at a record low of 3.5% on Tuesday, as expected by all 35 economists […]
Read MoreVietnamese tend to be more open to digital banking services than people in other countries in the Asia-Pacific region such as Singapore, Malaysia, New Zealand or Australia, according to a recent survey by FICO. FICO’s survey was conducted in 10 countries and territories in Asia-Pacific, including Australia, Hong Kong, Indonesia, Malaysia, New Zealand, the Philippines, […]
Read More
Thailand
