JAKARTA: Indonesia is considering removing a domestic sales requirement for palm oil exports because high inventories of the vegetable oil have been holding back a recovery of palm oil fruit prices, Trade Minister Zulkifli Hasan said on Friday. Since ending a temporary ban on exports in late May, the world’s biggest palm oil producer has […]
Read MoreKasikornbank (KBank) forecasts the baht will weaken more than previously projected because of the US Federal Reserve’s hawkish rate hikes. KBank revised its baht projection to 35 against the US dollar at the end of this year from a previous forecast of 33.50 baht to the dollar. The adjustment is based on the Fed’s tightening […]
Read MoreWith such decreases, petrol prices have moved close to the February price range. The retail prices of petrol and diesel products in Vietnam continued the downtrend with decreases of VND1,100-2,380 per liter from 15.00 today [July 21], marking the third consecutive decline since the beginning of July. Under the latest adjustment from the inter-ministerial team […]
Read MoreThe baht opened at 36.78 to the US dollar on Friday, strengthening from Thursday’s close of 36.87. The currency is expected to move between 36.65 and 36.90 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht’s weakening may slow down as the dollar is weakening. Though the Thai currency could […]
Read MoreTHE second quarter of 2022 saw a continued rise in Housing Board (HDB) resale prices compared to Q1, according to figures released by HDB on Friday (Jul 22). The resale price index for Q2 was logged at 163.9, 2.8 per cent higher than that in the previous quarter. Tan Tee Khoon, country manager for PropertyGuru […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) expects the Philippine economy to grow faster than initially anticipated this year, following the stronger-than-expected performance in the first quarter with the easing of pandemic-induced restrictions. In its Asian Development Outlook 2022 Supplement released yesterday, the multilateral institution said it raised the growth forecast for the Philippines […]
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Thailand
