The baht opened at 33.20 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 33.12. The Thai currency is likely to move between 33.10 and 33.25 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the default crisis of Chinese real estate companies might pressure the Asian currency […]
Read MoreThe managing director of Airports of Thailand says international carriers have returned around 80 percent of their slots at Thailand’s airports. Nitinai Sirisamatthakarn says around 80 percent of slots between Oct 31 and March 26 next year have been returned, indicating that airlines are uncertain about any imminent recovery in the aviation sector. Airport slots […]
Read MoreJAKARTA, Oct 25 (Reuters) – (This October 25 story corrected headline and lead paragraph’s Q3 GDP growth projection to 4.5%, not 4.3%, after Finance Ministry issues correction) Indonesia expects rising exports and a recovery in household consumption to result in economic growth of 4.5% in the third quarter, refining an earlier forecast for 4-5% growth, […]
Read MoreRelated parties share a common view that the security bar must be further raised by both users and service operators to prevent cybercrime regarding online payment transactions. Panic broke out last week after scores of bank card holders, particularly those with debit cards, complained via social media that their money had been removed without their […]
Read MoreCambodia and South Korea have signed a free trade agreement (FTA), cutting import tariffs by more than 90 percent. Commerce Minister Pan Sorasak inked the deal with South Korean Trade Minister Yeo Han-koo in a virtual ceremony on Tuesday. Under the deal, initially agreed in February, Cambodia will lift tariffs on 93.8 percent of products […]
Read MoreSINGAPORE (XINHUA) – The Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) said yesterday that the MAS core inflation rose to 1.2 per cent on a year-on-year basis in September from 1.1 per cent in the previous month. The increase was largely driven by higher food inflation, said the authorities. Meanwhile, […]
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