MANILA, Philippines — The downside risks of increasing commodity prices, caused by Russia’s invasion of Ukraine, on Asia-Pacific currencies are seen to be the strongest in the Philippines and India as they are net commodity importers, according to Oxford Economics. In a research briefing, Oxford Economics said Russia’s full-scale invasion of Ukraine was not priced […]
Read MoreThe baht opened at 33.44 to the US dollar on Tuesday, weakening from Monday’s close of 33.38. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.35 and 33.50 during the day. Poon said the Thai currency could weaken further but the fall would slow and cause the baht to swing […]
Read MoreVinaCapital, one of Vietnam’s most experienced asset management companies, has forecast that the country’s GDP growth rate this year is likely to expand by 6.5%, or 1% lower than its previous forecast. Michael Kokalan, chief economist of VinaCapital, stated in a recently-issued report that the ongoing armed conflict between Russia and Ukraine has created shock […]
Read MorePayments technology company Mastercard has been working closely with related parties everywhere, including Thailand, to prepare for the future of payments in which digital currencies will be a critical choice for consumers, said Aileen Chew, country manager of Mastercard for Thailand and Myanmar. Regarding Mastercard’s vision for Thailand in terms of the future of payments, […]
Read MoreInflating land prices via auctions is one of the biggest problems of the real estate market. It creates an artificial land fever in the market and deprives people of opportunities to own accommodations. The Ministry of Labor, War Invalids and Social Affairs (MOLISA), when reviewing the 2013 Land Law and an amended law, pointed out […]
Read MoreMANILA, Philippines — Agricultural ministers in Asia and the Pacific, including the Philippines, have committed to promote the use of socio-technical innovations to improve food systems that will reduce hunger and malnutrition, and enhance food security in the region, according to the Department of Agriculture (DA). This was among the commitments and agreements forged during […]
Read More
Thailand
