MANILA, Philippines — Stocks bounced back yesterday, bucking the downtrend in Asia, as an expected loosening of COVID restrictions and a likely retention of the central bank’s policy rates outweighed geopolitical risks overseas. “The index recouped its losses from last Friday’s selloff after Bangko Sentral ng Pilipinas Governor Benjamin Diokno reaffirmed that the BSP will […]
Read MoreThe opening of a new international border between Cambodia and Thailand is expected to further enhance trade and tourism cooperation between the two countries. Experts believe that the opening of Thmar Da International Border will open up a special economic zone through domestic and international travels besides enabling trading between the two countries. Thmar Da […]
Read MoreGrab, ShopeeFood, Baemin and Gojek are sharing the Vietnamese online food delivery market, which is becoming more attractive amid the pandemic. The pandemic has changed many habits of Vietnamese consumers. Food delivery services have become increasingly popular, especially the mobile delivery applications. A report updating trends in the past 12 months on the popularity of […]
Read MoreHigh inflation expected to last for the first half of 2022 is disproportionally affecting low-income workers, service staff and the self-employed, the Bank of Thailand (BOT) said on Sunday. Inflation in January stood at 3.23 per cent as the price of oil and products such as pork rose in line with higher demand, said bank […]
Read MoreThe baht opened at 32.69 to the US dollar on Monday, unchanged from Friday’s closing rate. The Thai currency is expected to move between 32.60 and 32.80 during the day and between 32.50 and 33.00 during the week, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht is likely to fluctuate and weaken, […]
Read MoreKUALA LUMPUR: Malaysia’s economy is set for a gradual recovery from the COVID-19 downturn, with real gross domestic product (GDP) growth at 3.1 per cent in 2021 and projected to accelerate to about 5.75 per cent in 2022, according to the preliminary findings of an International Monetary Fund (IMF) team. The team, led by Lamin […]
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