The 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 […]
Read MoreTHE Urban Redevelopment Authority’s (URA) flash estimate for the second quarter of 2022 shows that the overall price index for private homes rose 3.2 per cent over the preceding quarter. This follows a 0.7 per cent gain in Q1 this year. Year on year, the index is up 10.3 per cent, according to the URA […]
Read MoreMANILA, Philippines — The rise in consumer prices likely quickened further, with inflation accelerating to a range of 5.7 to 6.5 percent in June from 5.4 percent in May, according to the Bangko Sentral ng Pilipinas (BSP). Finance Secretary and former BSP governor Benjamin Diokno cited the continued increase in domestic oil prices, upward adjustment […]
Read More
Thailand
