The baht opened at 33.41 to the US dollar on Monday, weakening from the previous closing rate of 33.24. The Thai currency is likely to move between 33.25 and 33.40 during the day and between 33.20 and 33.60, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht in the short term would weaken […]
Read MoreExports rose a smaller-than-expected 8.93% in August from a year earlier, Commerce Ministry data showed on Friday. That compares with a forecast rise of 13.5% in August in a Reuters poll and follows July’s 20.27% increase. Earlier this week, Commerce Minister Jurin Laksanawisit said coronavirus restrictions had affected manufacturing and logistics. Source: https://www.bangkokpost.com/business/2187099/august-exports-up-8-9-y-y-below-forecast
Read MoreSINGAPORE factory output grew for the 10th straight month in August, beating expectations to clock a 11.2 per cent year-on-year expansion. While industrial production slowed down from 16.4 per cent growth in July, the latest increase was still ahead of the median forecast of 8.2 per cent in a Bloomberg poll. Sustained strength in electronics […]
Read MoreKUALA LUMPUR, Sept 24 ― The August consumer price index for Malaysia continued to deflate contracting by 0.2 per cent compared to July in a sign that the economy has yet to recover from the effects of the coronavirus pandemic. Last month’s CPI was up by 2 per cent year-on-year but remained on a downward […]
Read MoreThe Asian Development Bank says Cambodia’s economy will recover strongly next year. It said gross domestic product will expand by 5.5 percent compared with 2021, unchanged from its April survey. The bank says one of the main reasons for the recovery from last year’s 3.1 percent contraction and this year’s ADB forecast of 1.9 percent […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) yesterday kept its benchmark rate at an all-time low of two percent for a seventh straight meeting to allow the momentum of economic recovery to gain more traction by helping boost domestic demand and market confidence. In a virtual press briefing, BSP Governor Benjamin Diokno said […]
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