MANILA, Philippines — The current supply problem on local sugar may cause further pressure on the already threatened inflation if solutions are not provided. In a radio interview, National Economic and Development Authority (NEDA) Undersecretary Rosemarie Edillon said there is a current supply deficit on local sugar. The tight supply has prompted the government to […]
Read MoreExecutives at the Federation of Thai Industries (FTI) want the government to freeze the fuel tariff (Ft) on power bills and maintain retail gas prices to ease the impact of soaring global oil prices on economic activities and the cost of living. Some 80.7% of FTI executives surveyed are in favour of the authorities holding […]
Read MoreCambodia attracted fixed-asset investment of $4.35 billion in 2021, according to a report from the Council for the Development of Cambodia on Thursday. China remained the first largest foreign investor to the southeast Asian nation, accounting for 53.4 percent of the kingdom’s total investment last year, the report said. It added that Cambodia received $2.32 […]
Read MoreThe worrisome situation of rising bad debts during the ongoing Covid-19 pandemic has affected several key industries. This was revealed in the financial statements of commercial banks for the fourth quarter of 2021. Many banks have now begun to work towards reducing Group 5 debts so as to lower the bad debt ratio. Group 5 […]
Read MoreKrungthai Bank forecasts the baht will move between 32.45 and 32.65 to the dollar on Friday. Krungthai market strategist Poon Panichpibool said the Thai currency is likely to swing in a wide range due to pressure from the Ukraine-Russia crisis, which is causing the dollar to strengthen. However, the market’s risk-off condition is driving up […]
Read MoreTrucks carrying farm produce are still stuck at border gates, causing exports of some vegetables and fruits to fall sharply. The Ministry of Agriculture and Rural Development (MARD) has reported that export turnover in February was $3.3 billion, up by 21.8 percent compared with the same period last year, but down by 31.4 percent compared […]
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