MANILA, Philippines — The path toward economic recovery continues to dim as the new wave of COVID-19 cases from a more transmissible variant is now being felt, with vaccine rollout still lacking pace than needed. In its latest economic preview, market intelligence firm IHS Markit said the pace of economic recovery this year is now […]
Read MoreThe lockdown extension and a shift to online sales continue to create an impact on the average occupancy rate of Bangkok retail spaces in the third quarter as it falls to the lowest level in almost two decades. Punnee Sritanyalucksana, chief operating officer of Edmund Tie & Co Thailand, a property consultant, said Bangkok retail […]
Read MoreThe Ministry of Agriculture, Forestry and Fisheries on August 12 called on exporters of Pailin longan to divert their products from Thailand to Vietnam in light of the Covid-related Cambodia-Thai border closures, as the harvest season ramps up. Cambodia and Vietnam have agreed on phytosanitary requirements permitting Cambodian longan to enter the Vietnamese market, as […]
Read MoreThe baht opened at 33.10 to the US dollar on Friday, strengthening from Wednesday’s closing rate of 33.35. The Thai currency is likely to move between 33.05 and 33.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht was likely to be volatile and weaken due to the Covid-19 situation […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has further eased foreign exchange transaction rules to boost efforts to convert half of retail transactions in the country to digital channels by 2023. BSP Governor Benjamin Diokno said the Monetary Board last week approved the revisions to the Manual of Regulations on Foreign Exchange Transactions. […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia noted that the country’s foreign exchange (forex) reserves reached US$137.3 billion at the end of July 2021. “[The figures] increased compared to the position at the end of June 2021 at US$137.1 billion,” said BI’s Head of Communication Department, Erwin Haryono, in a written statement, Friday, August 6. The amount of the reserves will be sufficient […]
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