The number of Thai cryptocurrency trading accounts has fallen by 67% since January, according to the Securities and Exchange Commission (SEC). The sharp decline in active trading accounts, from 707,000 last December to 230,000 on July 25, stemmed from poor market sentiment resulting from macroeconomic policies, including interest rate increases, quantitative tightening, and economic slowdown. […]
Read MoreThe baht opened at 36.26 to the US dollar on Thursday, strengthening from Wednesday’s close of 36.28. The currency is expected to move between 36.10 and 36.30 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the currency market is in a risk-on state and might provide the dollar with support to […]
Read MoreManufacturers remained optimistic that production will increase in the next 12 months. The S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI) remained above the 50.0 no-change mark for the tenth successive month at 51.2 in July, signaling a further strengthening of business conditions. A reading below the 50 neutral marks indicates no change from the […]
Read MoreThailand’s leading joint business group said on Wednesday the economy is still expected to grow 2.75% to 3.5% this year, helped by increased exports and tourism, but it faces rising inflationary pressures. Exports are expected to increase 6% to 8% this year, up from a previous forecast rise of 5% to 7%, while foreign tourist […]
Read MoreMANILA, Philippines — New data suggested that Buy Now Pay Later services are projected to grow in size in the Philippines by 2026 after the pandemic accelerated consumer adoption of cashless services. Financial mobile app UnaCash made the claims in their latest research, asserting that BNPL transaction volume in the country’s e-commerce ecosystem could mushroom […]
Read MoreForeign currency values, particularly the US dollar and the Thai baht, peaked in June before gradually declining beginning in early July. In June, the Bank of Laos PDR announced limitations on daily foreign exchange transactions with commercial banks. Individuals must now indicate their reason for exchanging foreign currency, while commercial banks must also give priority to organizations […]
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