Industry leaders have urged the government to carefully manage the baht to keep its value at a rate that will benefit both importers and exporters. The baht was valued at 34.62 per US dollar as of May 9, representing a depreciation of 3.4% since the beginning of the year, its lowest value in five years. […]
Read MoreJOHOR BARU, May 23 — PKR’s outspoken Johor parliamentarian Hassan Abdul Karim urged people to protest against the government’s failure in managing rising prices of essential food items that has been aggravated by the weak Malaysian ringgit. The Pasir Gudang MP listed the declining value of the Malaysian ringgit, the soaring cost of food items, […]
Read MoreMANILA, Philippines — Inflation will be a major factor that would drive the market moving forward, traders said. In a commentary, Unicapital Securities said the continued inflation momentum would call for further rate hikes to curb rising prices. Inflation already reached 4.9 percent in April, its highest in over three years. The Bangko Sentral ng […]
Read MoreA surge in the world’s oil price is benefiting oil and gas businesses, but causing difficulties for other producers and pressurising the government’s efforts to rein in inflation. It is forecast oil prices may skyrocket to nearly $110 per barrel at the year’s end if major risks now continue lingering in the global market. By […]
Read MoreThe Thai Labour Ministry is looking to legalise undocumented migrants working in the kingdom’s service sector amid high demand for imported labour. If the plan is approved, some illegal workers from neighbouring Cambodia, Laos, Myanmar and Vietnam will be given an opportunity to register to work legally in Thailand. The special registration, believed to benefit […]
Read MoreMANILA, Philippines — Economists raised their inflation forecasts for the next three years due to the impact of the ongoing Russia-Ukraine war on global oil and food prices, according to a survey conducted by the Bangko Sentral ng Pilipinas (BSP). Zeno Ronald Abenoja, managing director of the Department of Economic Research at the BSP, said […]
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Thailand
