The baht opened at 32.30 to the US dollar on Thursday, weakening from Wednesday’s close of 32.27. The Thai currency is likely to move between 32.20 and 32.40 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht was likely to fluctuate in a wide range due to the Omicron situation […]
Read MoreMANILA, Philippines — The Ukraine conflict may bring to a halt the downtrend in inflation as soaring oil prices in the global market would impact on local consumer prices, economists said. ING Bank senior economist Nicholas Mapa said tensions between Russia and Ukraine would ratchet up pressure on inflation in the Philippines. Rizal Commercial Banking […]
Read MoreFeb 24 : Malaysia’s consumer prices in January rose 2.3per cent from a year earlier, below forecast, government data showed on Thursday. January’s consumer price index (CPI) was expected to rise 2.5per cent, according to 22 economists surveyed in a Reuters poll. Source: Reuters
Read MoreSINGAPORE – Russia’s recognition of and ordering of troops into two separatist regions in Ukraine has led Western governments to retaliate with sanctions on the likes of those in Russia’s defence, banking and financial sector. Oil prices rose to nearly US$100 a barrel on Tuesday (Feb 22) – its highest level since 2014 – after Moscow ordered troops into […]
Read MoreUOB’s research team expects Asean central banks to start lifting off only nearer to the second half of 2022, compared to global peers who have already begun tightening rates. In a note on Thursday (Feb 24), the team said the Bank Negara Malaysia (BNM) and Philippines’ central bank Bangko Sentral ng Pilipinas (BSP) will impose […]
Read MoreIt’s been two years since the Covid-19 pandemic turned the world upside down. The usual daily life is restricted, but that was the impetus for the new normal such as “no contact” and “social distancing” to appear. In the morning, when you go to work, you can book a car on a mobile phone application […]
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