The baht opened at 31.38 to the US dollar on Thursday, weakening from its close of 31.36 on Wednesday. The Thai currency is likely to move between 31.35 and 31.45 during the day, Krungthai Bank market strategist Poon Panichpibool said. He mentioned that the new wave of Covid-19 in Thailand was the key problem this […]
Read MoreVietnam will lure more foreign investment in the high-tech industry by offering more incentives and amending requirements for high-tech businesses. Vietnam’s high-tech industry has seen a new investment wave. Last week, the northern coastal province of Quang Ninh held a ceremony to grant a licence for Jinko Solar Technology Ltd of Hong Kong to invest in a photovoltaic cell […]
Read MoreMANILA, Philippines (UPDATE 2:22 p.m., April 8) — Trade was back on positive territory in February after imports snapped nearly 2 years of downtrend on the back of low base effects that hardly reflected a convincing rebound. What’s new Merchandise trade grew 0.6% year-on-year to $12.91 billion in February, the Philippine Statistics Authority reported Thursday. This was a […]
Read MoreThai economic uncertainty looms large amid a fragile recovery, says the Bank of Thailand, and it advised the government to prepare additional financial and fiscal aid packages to cushion against a worst-case scenario. The central bank on Wednesday published the edited minutes of the Monetary Policy Committee’s meeting on March 24, where it projected the Thai […]
Read MoreMANILA, Philippines — The economic damage from the coronavirus pandemic last year was greater than originally reported, state statisticians said Thursday. Gross domestic product (GDP), the sum of all products and services created in an economy, actually shrank at 9.6% on-year for the entire 2020, slightly worse than the 9.5% initially reported last January. The […]
Read MoreIn a recent assessment of economic recovery in the East Asia Pacific (EAP) region, the World Bank focused on three areas that will influence the region’s recovery: COVID-19 vaccinations, fiscal policies to encourage economic relief and growth and climate policies to recover in a sustainable manner. The Spring 2021 EAP Economic Update said there may […]
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