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Thailand: Baht under pressure from foreign outflows

The baht opened at 33.51 to the US dollar on Friday, unchanged from Thursday’s closing rate. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.40 and 33.60 during the day. Poon said the baht will continue to swing sideways. The Thai currency is being pressured by the strengthening dollar after […]

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Vietnam authorities warn of cybercriminals

According to the latest report of the Government Committee on Cipher and authorities, Vietnam’s information security has developed complicatedly.  Attacks and cybercriminals are increasing in order to destroy information systems and steal data increasingly causing serious consequences. According to the Government Committee on Cipher, in Vietnam, many key IT networks of the Party and the governmental agencies […]

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Thailand: TAT eyes B656bn from domestic travel

Domestic tourism receipts for the first quarter this year are expected to tally 135 billion baht from 29.7 million trips, but the Tourism Authority of Thailand (TAT) is still aiming for 656 billion baht in revenue from the segment for the entire year. TAT governor Yuthasak Supasorn said total domestic revenue in the first three […]

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Indonesia braces for high inflation

JAKARTA: The government has rolled out new social aid programmes and is restructuring the state budget to cushion the effect of soaring consumer prices on low-income Indonesians. The Office of the Coordinating Economic Minister launched a wage subsidy for 8.8 million low-income workers this week, as well as cash aid for 12 million micro, small […]

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Cambodia: Bumper 2021 for SEZ operator

Local publicly-listed industrial park management firm Phnom Penh SEZ Plc (PPSP) on April 6 reported solid growth and an upward trend in business performance last year despite Covid-19’s far-reaching impact across the globe. Market observers are bullish on the company’s future after Inter Logistics (Cambodia) Co Ltd, a member of the Royal Group of Companies […]

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