The baht opened at 32.97 to the US dollar on Tuesday, strengthening from Monday’s closing of 33.03. The Thai currency is likely to move between 32.90 and 33.05 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht is likely to swing sideways because investors are in a risk-off state before […]
Read MoreKUALA LUMPUR (Feb 8): Malaysia’s palm oil stock likely fell by 1.2% month-on-month (m-o-m) to 1.56 million tonnes in January due to weaker output, CGS-CIMB said Tuesday (Feb 8). CGS-CIMB analysts Ng Lee Fang and Nagulan Ravi said in a note the stock level is 31% below the 10-year historical January average of 2.08 million […]
Read MoreVietnamese businesses have high hopes for an economic recovery in 2022. Despite Covid-19, foreign-invested enterprises are scaling up their business in Vietnam. Rapid-fire orders Receiving an annual leave application from a worker, Tran Thanh Son, HR Director of Song Ngoc Garment Company in HCM City, was worried. Workers took more leave to make up for […]
Read MorePrior to the Covid-19 pandemic, Cambodia was a world leader in economic growth and poverty reduction. It sustained an average growth rate of 7.7% between 1995 and 2019, raising its per capita income from $323 in 1995 to $1,621 in 2019, and graduated to a lower-middle-income economy in 2015. The poverty rate fell from 47.8% in 2007 […]
Read MoreThe government is looking for additional sources of funding to finance its energy subsidies, as its financial assistance is running low while global oil prices are approaching US$100 a barrel. The Oil Fuel Fund Office (Offo) previously paid 7 billion baht a month to cap the diesel price at 29.94 baht a litre, compared with […]
Read MoreAs Southeast Asia is emerging as a new market for cross-border e-Commerce platforms, Singapore has placed itself in the midst of the action. Industry players see it as the preferred entry point to serve both local and regional markets as it offers a highly-reliable payment gateway and logistics services. The World Bank has also ranked […]
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Thailand
