Volatility and malleability are key themes for this year’s foreign exchange outlook, with the baht projected to appreciate further, fuelled by Thailand’s surpluses in trade and current accounts, say economists. The baht breached 30 per US dollar near the end of 2020 and hovered around 29.9 against the greenback early this month, before retreating to […]
Read MoreSINGAPORE’S unemployment rates eased in November for the first time since the Covid-19 pandemic hit. The overall unemployment rate fell to 3.3 per cent, down from the 3.6 per cent high of the preceding two months and the lowest rate since July, according to Manpower Ministry figures on Friday. The resident unemployment rate was 4.6 […]
Read MoreWith the exponential growth in online grocery delivery propelled even further by the pandemic, sector heavyweights are battling to become the dominant platform of choice for people. Currently, Alibaba-owned Lazada leads that fight in Southeast Asia, with more than 140 million downloads in the region. However, that platform is facing increasing competition from other apps, […]
Read MoreIndonesia’s foreign exchange reserves reached its second-highest annual record in December 2020, rising to US$135.9 billion, driven by tax collection and the government’s foreign borrowing, Bank Indonesia (BI) announced on Friday. The current reserves level was an increase of $2.3 billion from $133.6 billion in November and was estimated to be enough to cover 9.8 […]
Read MoreThe Hanoitimes – US’s decision to initiate a trade probe on Vietnamese goods could affect thousands of enterprises and millions of workers and customers from the two countries. The Office of the US Trade Representative (USTR) has not considered any tariff action on Vietnamese goods and products. US Trade Representative Robert Lighthizer gave the remarks in […]
Read MoreThe ongoing outbreak is ruining any hopes for high-season tourism, with operators urging the government to subsidise 50% of monthly salaries to help employees in the industry. “The latest surge halted tourism demand during the high season in Chiang Mai, following good numbers in November,” said La-Iad Bungsrithong, president of the Thai Hotels Association’s northern […]
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Thailand
