The rally in the baht may be nearing an end without new catalysts, such as a return of Chinese tourists, as technical indicators show the currency is overbought. The baht has advanced 6% against the dollar in the past month — and was the second-best performing currency in Asia — as China loosened Covid curbs and […]
Read MoreGoogle Wallet is a digital wallet that allows one to securely store credit and debit cards, tickets, passes, keys, and IDs. It was launched in 12 countries including Thailand and Vietnam on Wednesday. At the moment 57 countries have access to this application and the new additions include Armenia, Cyprus, Georgia, Kyrgyzstan, Liechtenstein, Luxembourg, Malaysia, […]
Read MoreThai banks’ non-performing loans stood at 2.77% of total lending at the end of September, down from 2.88% at the end of June, helped by debt restructuring and banks’ loan management, the central bank said on Monday. The banking system remained resilient with high levels of capital, loan-loss provisions, and liquidity, the Bank of Thailand said […]
Read MoreINDONESIA’S annual economic growth may slow to 4.37 per cent next year partly due to the impact of domestic monetary tightening, the country’s central bank (BI) governor told a parliamentary hearing on Monday (Nov 21). In last week’s policy meeting, BI maintained 2022 GDP growth forecast biased towards the upper end of 4.5 per cent […]
Read MoreThe Cambodian-Vietnamese commodity trade topped $5 billion in the first 10 months of 2022, surging by over one-fifth on-year, with a sobering $1.7 billion deficit in favour of Vietnam, according to Customs, an import-export gap expected to narrow in the coming months as local harvest seasons progress. In the January-October period, the two-way commodity trade […]
Read MoreVietnam has a large mechanical engineering market worth tens of billions of dollars a year. However, local enterprises still lack orders. Chair of VAMI (Viet Nam Association of Mechanical Industry) Dao Phan Long said many large wind power projects exist on paper. These would create a large market of equipment for wind power plants in […]
Read More
Thailand
