The baht opened at 33.40 to the US dollar on Thursday, strengthening from Wednesday’s closing rate of 33.415. The Thai currency is likely to move between 33.35 and 33.45 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is likely to strengthen after investors knew the […]
Read MoreThe World Bank predicts Thai economic activity will return to 2019 levels by the end of 2022, helping support GDP growth of 3.9% next year, up from 1% this year. Thailand’s economy bottomed out in the third quarter this year, but has been picking up since. Progress on vaccination and the resumption of tourist arrivals […]
Read MoreBy Yi Wei Wong Indonesia’s trade surplus was $3.51 billion in November, compared with $5.73 billion in October, as on-month import growth grew faster than export growth, Indonesia’s statistics agency said Wednesday. The result was narrower than the median forecast from a Wall Street Journal poll of analysts, which expected a $4.30 billion surplus. Indonesia […]
Read MoreSINGAPORE’S labour market recovery is expected to continue into 2022 alongside further easing of Covid-19 curbs, though border restrictions remain a significant driver of labour market tightness, according to the Manpower Ministry’s (MOM) latest Labour Market Report on Wednesday (Dec 15). There are now twice as many job vacancies as unemployed persons, but this is […]
Read MoreAfter a very tough few months brought on by severe lockdowns, the Vietnamese economy is finally on firmer ground, according to Tim Evans, CEO of HSBC Vietnam. The PMI, which reflects confidence, ticked up to 52.2 in November, signaling a second successive modest improvement in business conditions following a period of decline caused by the […]
Read MoreThe Asian Development Bank (ADB) trimmed its forecast for ASEAN growth this year from 3.1 percent to 3.0 percent, with downgrades for Vietnam and Malaysia offset by improved forecasts for the Philippines, Singapore and Thailand. In a supplement to the update of its Asian Development Outlook in September, the ADB almost halved its GDP growth […]
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