The baht opened at 33.65 to the US dollar on Tuesday, weakening from Monday’s close of 33.58. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.55 and 33.75 during the day. Poon expected the baht would continue to swing sideways under pressure from the strengthening dollar after the US Federal […]
Read MoreMANILA, Philippines — Foreign investors shied away from the Philippines in January amid concerns surrounding the Omicron variant surge and the return of strict pandemic curbs that month, the Bangko Sentral ng Pilipinas reported on Monday. What’s new Data from the BSP revealed foreign direct investments recorded a net inflow of $819 million in January, contracting […]
Read MoreKingdom has the lowest Debt-to-GDP ratio of all developing countries in Asia, which is expected to peak at 38.1 percent by 2028 and settle at around 37 percent of GDP by 2030 – three percentage points below the moderate risk threshold Cambodia remains at “a low risk of debt distress”, with total public external debt […]
Read MoreThe economy will continue to recover, driven by improving local demand and foreign tourist numbers, as recent negative shocks have had a limited impact on recovery, according to minutes of the Bank of Thailand (BoT)’s last policy meeting. Downside risks to short-term growth increased, however, as there could be prolonged shortages of some raw materials […]
Read MoreMANILA, Philippines — Easing COVID restrictions may further improve the operating environment and slow the growth of problem loans of Philippine banks, according to Moody’s Investors Service. In its latest banking system outlook for the Philippines titled “Recovering Economy and Profitability Support Stable Outlook,” Moody’s maintained the stable outlook for the country’s banking system. With […]
Read MoreThe retail prices of regular-grade petrol and diesel were both lowered by about 3.8 per cent on April 11, according to a Ministry of Commerce notice. For the April 11-20 period, the retail selling prices of fuel in the Kingdom have been set at 5,050 riel or $1.25 per litre of regular EA92 – petrol […]
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