Figures out this week are likely to provide more signs of slowing growth in Asian economies. China releases its second quarter gross domestic product (GDP) on Thursday. Moody’s Analytics is forecasting a slowdown to 6.5 percent growth, from a 13 percent jump in the first three months of the year. It forecasts 8 percent growth […]
Read MoreThe latest price adjustment marked the third consecutive price hiking since late May, resulting in a rise of VND2,190 per liter for E5- RON92, and VND2,250 for RON95. From 15.00 today [July 12], the retail price of biofuel E5 – RON92 rose by VND850 to around VND20,610 (US$0.9) per liter, and that of RON95 went […]
Read MoreThe baht opened at 32.67 to the US dollar on Tuesday, weakening from Monday’s closing rate of 32.65. The Thai currency is likely to move between 32.60 and 32.75 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon said that foreign investors had decided to sell their assets in Thailand due to uncertainty […]
Read MorePETALING JAYA: Uncertainties surrounding the duration of the first phase of the National Recovery Plan (NRP) are expected to weigh on Malaysia’s economic growth, especially in the third quarter of this year. While seven states have since moved on to the second phase of the NRP, which allows for an expanded list of activities, the […]
Read MoreAs the pandemic continues to persist, stronger measures are needed to restructure debts and lower interest rates for customers. The State Bank of Vietnam (SBV), the country’s central bank, suggested the Vietnam Banks Association (VNBA) should reach an agreement with commercial banks and institutions in lowering interest rates in July. SBV’s Vice Governor Dao Minh […]
Read MoreThe Ministry of Economy and Finance’s General Department of Customs and Excise of Cambodia (GDCE) has waived the payment of customs broker licence fees for 2021-2022 as the Kingdom’s transport and logistics sectors reel from the sweeping effects of the ever-deepening Covid-19 pandemic. A letter signed by GDCE director-general Kun Nhem on July 9 noted […]
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