The baht opened at 34.68 to the US dollar on Thursday, dropping from Wednesday’s close of 34.61. The currency is expected to move in a range between 34.60 and 34.80 on Thursday, said Krungthai Bank market strategist Poon Panichpibool. Poon said the baht could fluctuate and weaken to test the key resistance level of 34.75 […]
Read MoreKUALA LUMPUR: Malaysia’s central bank unexpectedly raised its benchmark interest rate from a historical low on Wednesday, as rising commodity prices, strained supply chains and strong demand conditions fanned inflationary pressures. Bank Negara Malaysia (BNM) raised its overnight policy rate to 2% from the record low of 1.75%. A Reuters poll of 18 economists had […]
Read MoreINDONESIA’S “unpredictable” palm oil export policies may help Malaysia emerge as the dominant supplier to India, the world’s top buyer of the edible oil, industry sources said. Indonesia is the world’s biggest palm oil producer but its erratic export policies, including the most recent ban announced on Apr 22, have pushed Indian consumers to increase […]
Read MoreCigarettes, beer, and spirits in Vietnam will be subject to an increased special consumption tax (SCT) Cigarettes, beer, and spirits in Vietnam will be subject to an increased special consumption tax (SCT) aiming to improve community health and tackle the national budget deficit as part of a comprehensive tax reform strategy for 2030. Alcohol and […]
Read MoreMANILA, Philippines — Foreign direct investments to the Philippines showed improvements in February after the Omicron onslaught waned, although many investors are still on the edge amid lingering economic uncertainties that the next president would have to clear up. What’s new Data from the Bangko Sentral ng Pilipinas revealed FDIs posted a net inflow of […]
Read MoreThe Vietnam Association of Foreign Invested Enterprises (VAFIE) released an annual report on foreign investment in Vietnam last year at a meeting in Hanoi on May 10. The Vietnam Association of Foreign Invested Enterprises (VAFIE) released an annual report on foreign investment in Vietnam last year at a meeting in Hanoi on May 10. The […]
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Thailand
