The baht opened at 32.87 to the US dollar on Friday, unchanged from Thursday’s closing rate. The Thai currency is likely to move between 32.80 and 32.95 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon said the US dollar was weakening but the Thai currency was unlikely to strengthen soon due to […]
Read MoreThai entertainment and media (E&M) revenues are forecast to climb above 500 billion baht this year, bouncing back from a drop of 6 per cent last year (484 billion baht) during the Covid-19 crisis. The forecast comes from PwC’s Global Entertainment & Media Outlook 2021-2025, which estimates E&M revenues will grow by 4.45 per cent […]
Read MorePHNOM PENH: Cambodia is set to launch a lockdown in eight provinces bordering Thailand from midnight on Thursday, in a bid to prevent the spread of the Delta variant of the coronavirus in the Southeast Asian country. Prime Minister Hun Sen signed an order late on Wednesday for the lockdown, which bans people from leaving […]
Read More[SINGAPORE] In the last few weeks, the managing director of the Monetary Authority of Singapore has gained attention for his personal views on some politically charged topics, echoing a similar evolution among his central banking peers as they address the world beyond money supply. In a series of recent lectures as a visiting scholar at […]
Read MoreWhile the world is in a crisis over the lack of empty containers to deliver goods, leading to skyrocketing shipping fees, thousands of containers are idling away at Vietnamese seaports. Nguyen Anh Vu, director of Haiphong Maritime Administration, said that as of July 21, Haiphong has 2,708 containers waiting for use. The seaports and inland […]
Read MoreMANILA, Philippines — The Philippines faces the likelihood of a credit rating downgrade from debt watchers if the country fails to immediately address the scarring effects caused by the COVID-19 pandemic, according to Dutch financial giant ING Bank. Nicholas Mapa, senior economist at ING Bank Manila, said at least two credit rating agencies recently flagged […]
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