The table below shows that last week, the Philippine peso was Asia’s best-performing currency. It closed at 51.67 last Friday, gaining 0.92 percent against the US dollar. The peso strengthened after the BSP signaled it would begin raising monetary policy rates in the second half of this year. It also appreciated as oil prices eased […]
Read MoreA recent study published by nature.com showed that global demand for rice is expected to increase 30 percent by 2050, however, with a “limited scope available for other main rice-producing countries such as China and India”, it will become incumbent on the countries such as Cambodia, Myanmar, Philippines, Thailand, Indonesia and Vietnam to close the […]
Read MoreThe baht opened at 33.48 to the US dollar on Monday, weakening from Friday’s close of 33.46. The Thai currency is expected to move between 33.40 and 33.60 during the day and between 33.20 and 33.80 during the week, Krungthai market strategist Poon Panichpibool said. Poon said that the baht is likely to swing widely […]
Read MoreVietnam has with a low per capita income in Southeast Asia, but the ratio of tax revenue to GDP is very high. High taxes and fees have become a burden for people and businesses. The tax rate on petrol prices is a clear demonstration of the tax burden on Vietnamese. Currently, gasoline and oil is […]
Read MoreIn the first three months of 2022, from January to March, the Council for the Development of Cambodia (CDC) approved a total of 43 investment projects under an investment of more than $2.4 billion. A report from the Council for the Development of Cambodia said that the 43 investment projects, most comprised establishment of garment […]
Read MoreMANILA, Philippines — The Bureau of Customs (BOC) is doubling down on its campaign against smugglers of agricultural products amid the growing scrutiny over the illegal entry of Chinese produce. The bureau has seized P2 billion in agricultural imports in 542 raids since 2019. “Intensified intelligence and enforcement operations and consistent examination and inspection of […]
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Thailand
