The baht opened at 31.26 to the US dollar on Monday, unchanged from Friday’s close. The Thai currency is likely to move between 31.20 and 31.30 during the day and between 31.15 and 31.45 within this week, Krungthai Bank market strategist Poon Panichpibool said. The baht would tend to move sideways in line with the […]
Read MoreRecently, the interbank interest rates suddenly jumped, causing many people to worry whether bank lending rates will increase in the coming time while the business and production activities have been facing many difficulties due to Covid-19. However, it is recorded that many banks still keep lending interest rates at the “supportive” level for people and […]
Read MoreMANILA, Philippines — Economists expect inflation to remain steady at 4.5 percent in May as the reimposition of strict lockdown measures in the National Capital Region and nearby provinces (NCR Plus) kept demand side pressure in check. ING Bank Manila senior economist Nicholas Mapa said inflation was likely unchanged for the third straight month at […]
Read MoreThe Asian Development Bank (ADB) has projected that the Cambodian economy will grow by 4 percent this year and 5.5 percent next year, led by a robust recovery of its major trade partners. In the Asian Economic Outlook 2021, announced on May 28, the lender forecast that the country’s industrial production will expand by 7.1 […]
Read MoreA chicken processing plant owned by Charoen Pokphand Foods Plc (CPF) in Saraburi’s Kaeng Khoi district has been closed for five days to be disinfected, after 391 of its workers were found to be infected with Covid-19. Despite the outbreak, the Department of Livestock Development said products processed at the factory are not contaminated and […]
Read MoreParliament has approved an emergency decree to amend the Civil and Commercial Code to reduce the interest rate charged for loan defaults which has been used for almost a century. Finance Minister Arkhom Termpittayapaisith said the law would be amended during the prolonged Covid-19 pandemic to help debtors who are having to pay interest as […]
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Thailand
