The baht opened at 33.15 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 32.96. The Thai currency is likely to move between 33.05 and 33.25 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht is likely to fluctuate and weaken as the dollar strengthens after the […]
Read MoreAs of January 24, the number of delivery trucks being stranded at Lang Son Province was 355, a sharp decline from nearly 4,000 one month ago. Authorities of the Chinese Guangxi autonomous region and Vietnam’s Lang Son Province on January 25 resumed customs clearance at the Pu Zhai (China) – Tan Thanh (Vietnam) border gates […]
Read MoreMANILA, Philippines — The Philippines recorded a narrower $1.34 billion balance of payments (BOP) surplus in 2021, falling short of the $1.6 billion target for the period, the Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Benjamin Diokno said the country’s BOP reverted to a surplus in December with $991 million from a deficit of […]
Read MoreJust four new condominiums were launched for sale last year in the capital, down from 17 in 2020, according to research by CBRE Cambodia. The four developments comprised “more than 1,000” units, while the 17 in 2020 consisted of 10,866, the real estate firm reported. CBRE Cambodia categorises condos as “high-range”, “mid-range” and “affordable”. It […]
Read MoreMANILA, Philippines — The International Monetary Fund (IMF) has hiked its economic growth forecast for the Philippines in 2021 and expects a return to pre-pandemic levels by the end of this year. Ragnar Gudmundsson, IMF resident representative for the Philippines, said in an e-mail that the country’s gross domestic product (GDP) expanded by 4.6 percent […]
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