Cambodia’s riel has remained relatively stable during the pandemic, despite the havoc wreaked on its economy from the loss in tourism and manufacturing jobs. Last week, Bloomberg named Thailand’s baht as Asia’s worst-performing currency. Tourism dollars contributed more than 62 percent to Thailand’s current account surplus in 2020 but after six years in the black, […]
Read MoreMANILA, Philippines — The government will no longer extend current price caps on pork once they expire, and would instead implement a suggested retail price (SRP) on imported pork in a bid to tame inflation. Agriculture Secretary William Dar told a press conference on Wednesday that the SRP on additional pork supply from abroad will […]
Read MoreInvestors should exercise extreme caution when trading cryptocurrencies, senior minister Tharman Shanmugaratnam said in parliament on Monday. «Cryptocurrencies can be highly volatile, as their value is typically not related to any economic fundamentals. They are hence highly risky as investment products, and certainly not suitable for retail investors,» Shanmugaratnam, who is also the minister in charge […]
Read MoreDozens of industrial zone projects in 13 cities and provinces covering have been approved in the first quarter, promising thousands of hectares of new space for investors over the coming years. The northern province of Bac Ninh has the most new industrial zone (IZ) projects this year, with a total of five new projects. Of these, […]
Read MoreThailand’s benchmark SET Index of stocks dropped as much as 1.4% as Prime Minister Prayut Chan-o-cha said he’s concerned about a new wave of Covid-19 infections sweeping the nation’s capital and hinted at fresh control measures to stem the outbreak that’s already forced the closure of dozens of nightlife entertainment venues. Gen Prayut chose to […]
Read MoreJakarta. The International Monetary Fund (IMF) has revised on Tuesday its 2021 global economic growth projection upward as a boost from the United States giant fiscal stimulus would propel the global economy while emerging countries like Indonesia underperform. The IMF World Economic Outlook projected the global economy would recover from its 3.3 percent contraction last year to expand by 6 […]
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