The baht opened at 31.17 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 31.10. The Thai currency is likely to move between 31.15 and 31.25 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht tended to move in a predictable range, as the direction of the […]
Read MoreThe Credit Bureau of Cambodia (CBC) released its Credit Consumer Index for the first quarter among economic uncertainty stemming from lockdowns, loan restructuring and disruption in the manufacturing sector. The report showed that “debt past due” (DPD) over 30 days increased by 2.24 percent across the board while total loan balances grew by 6.44 percent […]
Read MoreMANILA, Philippines — Bank lending shrank for the fourth straight month in March amid heightened risk aversion in the banking sector and tepid demand from borrowers as the pandemic continued to wreak havoc on the economy, the Bangko Sentral ng Pilipinas said. Data released by the BSP Monday showed outstanding loans granted by universal and […]
Read MoreDeputy Prime Minister Le Minh Khai has asked the Ministry of Industry and Trade to increase the steel production capacity to meet the local demand and stabilize steel prices as they have surged 40%-50% since the end of last year. Hoa Phat Group on May 8 increased its steel prices drastically, with CB240 rolled steel […]
Read MoreTHE annual Great Singapore Sale (GSS) event will take an omnichannel format this year, with e-commerce platform Lazada handling the online aspect of the sales event, the Singapore Retailers Association (SRA) announced on Wednesday. GSS 2021 will take place from June 6 to July 7, bookended by Lazada’s 6.6 and 7.7 sales campaigns. The event […]
Read MoreMALAYSIA’S economic contraction slowed at the beginning of 2021, in between surges of Covid-19 cases and tighter restrictions to contain the disease. Gross domestic product (GDP) shrank 0.5 per cent in the first quarter from a year earlier, Malaysia’s central bank said on Tuesday. Compared to the previous three months, the economy grew 2.7 per […]
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