The baht opened at 34.68 to the US dollar on Thursday, dropping from Wednesday’s close of 34.61. The currency is expected to move in a range between 34.60 and 34.80 on Thursday, said Krungthai Bank market strategist Poon Panichpibool. Poon said the baht could fluctuate and weaken to test the key resistance level of 34.75 […]
Read MoreKUALA LUMPUR: Malaysia’s total trade for February 2022 amounted to RM184.8 billion, or an increase of 17.5 per cent year-on-year (y-o-y), with exports of RM102.3 billion (an increase of 16.8 per cent) and imports worth RM82.5 billion (an increase of 18.4 per cent), said the Department of Statistics Malaysia (DOSM). “Higher imports were mainly from […]
Read MoreThe baht opened at 33.65 to the US dollar on Tuesday, weakening from Monday’s close of 33.58. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.55 and 33.75 during the day. Poon expected the baht would continue to swing sideways under pressure from the strengthening dollar after the US Federal […]
Read MoreMANILA, Philippines — Foreign investors shied away from the Philippines in January amid concerns surrounding the Omicron variant surge and the return of strict pandemic curbs that month, the Bangko Sentral ng Pilipinas reported on Monday. What’s new Data from the BSP revealed foreign direct investments recorded a net inflow of $819 million in January, contracting […]
Read MoreKingdom has the lowest Debt-to-GDP ratio of all developing countries in Asia, which is expected to peak at 38.1 percent by 2028 and settle at around 37 percent of GDP by 2030 – three percentage points below the moderate risk threshold Cambodia remains at “a low risk of debt distress”, with total public external debt […]
Read MoreThe economy will continue to recover, driven by improving local demand and foreign tourist numbers, as recent negative shocks have had a limited impact on recovery, according to minutes of the Bank of Thailand (BoT)’s last policy meeting. Downside risks to short-term growth increased, however, as there could be prolonged shortages of some raw materials […]
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