The baht opened at 33.15 to the US dollar on Friday, weakening slightly from Thursday’s close of 33.13. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.00 and 33.25 during the day. Poon said the baht has a chance of weakening but it will slow down and swing sideways in […]
Read MoreRising oil prices may lead to Vietnam’s inflation in 2022 rising beyond the 4% target set by the National Assembly. Increasing geopolitical risks and the skyrocketing prices of key global commodities are putting to test the goal of the Government to keep inflation under 4% for this year. The view was shared among experts during […]
Read MoreThe government has decided to postpone the implementation of the capital gains tax until 2024 in a bid to restore and prop up post-pandemic economic growth, according to a notice from the Ministry of Economy and Finance’s General Department of Taxation (GDT). The decision came after the ministry submitted a postponement request to Prime Minister […]
Read MoreMANILA, Philippines — The rise in energy costs due to higher global oil prices amid the Ukraine-Russia war will drag down the Philippines’ gross domestic product (GDP) by as much as one percentage point, ANZ Research said. Sanjay Mathur, chief economist for Southeast Asia and India at ANZ Research, said in a note that surging […]
Read MoreThe president of the Federation of Thai Industries (FTI) on Thursday called on the government to scrap the Test & Go scheme that restricts tourism and subsidise fuel prices to shore up the Thai Industries Sentiment Index. FTI president Suphan Mongkolsuthee said the Omicron variant that led to restrictions to tourism and other business activities […]
Read MoreIn Yangon, the price of petrol has skyrocketed, making it difficult for taxi drivers to work. “I can’t drive my cab because the price of fuel is so high. It is not cost-effective for taxi drivers to drive their cabs. As a result, the car is currently parked. There are only compressed natural gas (CNG) […]
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Thailand
