Vietnam continues to be a magnet to foreign direct investment (FDI) in ASEAN as it is transforming into a production base for tech giants. According to the latest report by HSBC, total FDI to ASEAN-6 (Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines) has averaged nearly $127 billion per year since 2010, approximately three times […]
Read MoreJAKARTA : Indonesia’s central bank is in no rush to hike interest rates, its governor said on Friday, even as June consumer prices rose at the fastest pace in five years, topping forecasts and breaching its target range amid a surge in food prices. June’s annual inflation rate accelerated to 4.35 per cent, the highest […]
Read MoreThe baht opened at 35.33 to the US dollar on Friday, strengthening from Thursday’s closing of 35.37, and is expected to move between 35.25 and 35.40 during the day. Krungthai Bank market strategist Poon Panichpibool reckons the baht will strengthen as the dollar weakens, but said the baht will possibly fluctuate and weaken if foreign […]
Read MoreCrypto exchange Binance has signed a memorandum of understanding with the Securities and Exchange Regulator of Cambodia (SERC), according to a June 30 announcement. Binance and SERC will work together to develop digital assets regulations in the country. SERC is looking to leverage Binance’s technical expertise and experience in the field to develop its own […]
Read MoreThe Government of Laos has greenlit a feasibility study for a railway project that would link Vientiane Capital with Thakhek, in Khammouane Province. Lao Economic Daily reports that a signing ceremony for a Memorandum of Understanding (MOU) was held yesterday between the Government of Laos and Petroleum Trading Lao Public Company (PetroTrade) at the Ministry of Planning […]
Read MoreKUALA LUMPUR, July 1 — The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) registered 50.4 in June, up from 50.1 in May, signalling a slightly stronger, yet still modest, improvement in the manufacturing sector. The Malaysian manufacturing sector saw overall operating conditions improve at a slightly quicker rate halfway through 2022 and […]
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Thailand
