Thai sugarcane farmers may not benefit from higher global sugar prices as their production costs, including fertilisers and oil, are also on the rise amid the Russia-Ukraine war. Sugar prices on the world market have increased as Brazil, the world’s largest sugar producer, is using more sugarcane as a feedstock for ethanol manufacturing, said Narathip […]
Read MoreThe Cambodian government identified the automotive and electronics sectors as potential priority sectors for promoting Cambodia’s participation in the global value chain, as well as promoting economic diversification and economic recovery after the Covid-19. Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance and Chairman of the Economic and Financial Policy Committee, yesterday chaired […]
Read MoreMANILA, Philippines — The Philippines finally booked a balance of payments (BOP) surplus in March, ending two straight months of deficit, as the government tapped the offshore debt market to fund COVID response measures as well as key infrastructure projects, according to the Bangko Sentral ng Pilipinas (BSP). The country’s BOP position yielded a $754 […]
Read MoreThe government may continue with the diesel subsidy programme beyond April to help consumers struggling with inflation, but the subsidy would be limited, according to Energy Minister Supattanapong Punmeechaow. Mr Supattanapong said yesterday the government may help subsidise the diesel price, but at more than half of the price above 30 baht per litre. The […]
Read MoreThe baht opened at 33.81 to the US dollar on Wednesday, the highest in almost four months, weakening from Tuesday’s close of 33.75. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.70 and 33.90 during the day. Poon said the baht might weaken as it was pressured by the strengthening […]
Read MoreSET Investnow, an investment educational unit of the Stock Exchange of Thailand (SET), suggests investing in stocks with high dividend payouts of above 5% with low beta values to hedge against volatility and inflation. The principle is to buy stocks with higher dividends than the February inflation rate of 5.28%, because they will generate better […]
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