MANILA, Philippines — The Philippines’ dollar reserves inched up in July after the government deposited proceeds from its recent global bonds sale. What’s new Gross international reserves amounted to $106.55 billion as of end-July, up 0.74% month-on-month, the Bangko Sentral ng Pilipinas reported on Friday. Why this matters Foreign reserves are assets managed by the BSP […]
Read MoreSouthern Phnom Penh’s combination of affordable land and $2 billion of infrastructure development has positioned it as the key area for future growth across all property segments, from landed homes to industrial parks, according to CBRE Cambodia. The Kingdom’s largest foreign-owned property consultancy says infrastructure investment in the new Phnom Penh International Airport and road […]
Read MoreMANILA, 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 […]
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