KUALA LUMPUR, March 31 ― The ringgit has extended its upward momentum against the greenback, as the US dollar retreated amidst concerns over the United States’ (US) gross domestic product (GDP) data which revealed a lower-than-expected reading, said an analyst. At 9am, the local currency strengthened to 4.2015/2050 against the greenback from 4.2030/2055 at yesterday’s […]
Read MoreThe Thai economy last month recorded growing private domestic consumption, especially for durable items, alongside support from export growth, according to Fiscal Policy Office adviser Wuttipong Jittungsakul. He said the country still needs to keep a close watch on the impact of the ongoing pandemic and the Russia-Ukraine war. Private consumption grew last month, reflected […]
Read MoreThe third Lancang-Mekong Business Forum was held in the Cambodian capital of Phnom Penh on Wednesday, aimed at exploring business opportunities among the six Lancang-Mekong Cooperation (LMC) countries. The LMC groups China, Myanmar, Thailand, Laos, Cambodia and Vietnam. Under the theme of “Promoting Agribusiness and Investment in Processed Food Sector”, the two-day forum was attended […]
Read MoreMANILA, Philippines — The Duterte administration posted a smaller budget deficit in February after both government spending and revenues contracted during the month. Data released Thursday by the Bureau of the Treasury showed the government ran a P105.8 billion budget deficit in the second month of the year, 8.77% narrower compared with a year ago. In […]
Read MoreLooking back at the history of the automobile industry in Vietnam, the biggest limitation is the vision and capacity of policy makers. The Vietnam Association of Mechanical Enterprises (VAMI) has reported to the Prime Minister and relevant bodies problems related to regulations on methods to define the localization rate for domestically-manufactured cars. These have been […]
Read MoreDespite soaring oil prices and rising production costs driven by the Russia-Ukraine war, Finance Minister Arkhom Termpittayapaisith still hopes to see the Thai export sector expand by 10% this year. Speaking at the annual ordinary meeting of the Thai National Shippers’ Council (TNSC) on Wednesday, Mr Arkhom said his double-digit wish is based on robust […]
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