MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to avoid the pre-emptive tightening of its policy stance amid the continued decline in bank lending due to the impact of the pandemic, according to Fitch Solutions Country Risk and Industry Research. The research arm of the Fitch Group said the BSP is likely […]
Read MoreThe baht opened at 31.93 to the US dollar on Tuesday, unchanged from Monday’s closing rate. The Thai currency is likely to move between 31.85 and 32.00 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the most important factor influencing the baht was the Covid-19 crisis in Thailand, and the vaccine […]
Read MoreData out this week may add to evidence that the region’s manufacturers are getting more confident as domestic demand and exports recover from the impact of the Coronavirus. China’s Purchasing Managers Index is forecast to rise to 51.4 this month, from 51.0 in May, according to Moody’s Analytics. The figures are released tomorrow. The PMI […]
Read MoreEconomic indicators showed the Thai economy slowed in May from the previous month, after the third wave of Covid-19 emerged in April. However, the economy continued to grow from the same period last year, driven by exports, the Finance Ministry’s Fiscal Policy Office (FPO) reported. Private consumption in May expanded from the same period last […]
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