MANILA, Philippines — The main index failed to sustain its climb after leaping past the 7,000 mark to an eight-month high on Wednesday, but traders believe the market could gain momentum from the easing of restrictions and fewer cases of COVID-19 over the past week. The benchmark Philippine Stock Exchange index (PSEi) ended lower for […]
Read MoreThe baht opened at 33.90 to the US dollar on Monday, weakening from the previous closing rate of 33.85. The Thai currency is likely to move between 33.85 and 34.00 during the day and between 33.50 and 34.00, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that investors should speculate on the upcoming bond […]
Read MoreCambodia’s non-gold exports reached $11.010 billion in the first eight months of this year, surging by 20.4 per cent year-on-year, while the analogous imports amounted to $14.6 billion, marking a 26.7 per cent year-on-year jump, the Ministry of Economy and Finance reported. This means that the Kingdom’s non-gold trade deficit over January-August expanded by around […]
Read MoreThe issuance of corporate bonds is expected to hit a trillion baht this year as companies try to avoid higher interest costs if rates rise next year, refinancing their debt to reserve liquidity with commercial banks for future emergencies as the market remains highly volatile, says the Thai Bond Market Association (TBMA). According to the […]
Read MoreMANILA, Philippines — The share of digital payments to total retail transactions topped 20 percent last year as the pandemic served as a catalyst to digitalization, the Bangko Sentral ng Pilipinas said. In his weekly virtual press conference, BSP Governor Benjamin Diokno said the central bank achieved its objective under the National Retail Payment System […]
Read MoreProlonged social distancing in many localities have led to lower-than-expected economic growth for the first nine months, but with the accelerated vaccine rollout, the economy is expected to gain growth momentum soon. The Ministry of Health last week sent a document to leaders of all provinces and cities nationwide, urging them to accelerate the speed […]
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Thailand
