The Bank of Thailand is concerned with higher prices for living costs, but not in terms of overall price stability, says the central bank governor. The bank believes higher prices will not have an adverse impact on the macro economy and headline inflation will remain within its target, said central bank governor Sethaput Suthiwartnarueput. Yet […]
Read MoreMANILA, Philippines (Update 1, 5:38 p.m.) — The Department of Labor and Employment has drafted a labor advisory urging businesses to pay their workers who are under quarantine or isolation due to COVID-19. Labor Undersecretary Benjo Benavidez said Wednesday in a press briefing that they committed to come out with a labor advisory on paid quarantine and […]
Read MoreThe five companies holding the largest commodity brokerage market shares in Vietnam sustained their positions in 2021, according to the Mercantile Exchange of Vietnam (MXV). The Gia Cat Loi Commodity Trading JSC was the biggest with 35.6 percent of the total transaction volume, followed by the Ho Chi Minh City Commodity Trading JSC (HCT) 18.2 […]
Read MoreThe baht hit its lowest point in almost a week, opening at 33.30 to the US dollar, down from Tuesday’s closing rate of 33.41. The Thai currency is likely to move between 33.20 and 33.40 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might strengthen […]
Read MoreMANILA, Philippines (Update 1, 4:55 p.m.) — The Philippine Stock Exchange is cutting trading hours anew to finish at 1 p.m. as daily infection numbers rise exponentially. In a statement, the local bourse operator said the reduction will be implemented starting Friday until January 31. This came weeks after the PSE reinstated its pre-pandemic trading hours that pre-open at […]
Read MoreThe market is completely new after Covid-19. All players, small and large, will be at the starting point. Those who have a good start will obtain more market share. “Move up, even just one centimeter. Slow means losing,” said Nguyen Quoc Ky, Chair of Vietravel Holdings at a recent workshop on risk management held by […]
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