KUALA LUMPUR: The ringgit recovered against the US dollar at the opening today, as higher commodity prices may have averted further declines, although heightened global geopolitical tensions continued to weigh on investor sentiment and support the US dollar. At 9 am, the local currency rose to 4.1975/2005 versus the greenback from Thursday’s close of 4.2030/2080. […]
Read MoreThe tourism sector is expected to provide services for 65 million holidaymakers, including approximately 5 million foreign visitors, in 2022, said Doan Van Viet, Deputy Minister of Culture, Sports and Tourism. The sector aims to earn VND400 trillion from tourism services this year, Viet told a press briefing on February 23 to announce the National […]
Read MoreFinance Minister Arkhom Termpittayapaisith has projected Thailand’s public debt will rise to 62% of GDP in fiscal 2022 from 59.6% as of December 2021. He said whether the government can maintain the debt level at 62% depends on if the country posts economic growth of 4% this year. The National Economic and Social Development Council […]
Read MoreMANILA, Philippines — The government has suggested more innovative solutions such as active transportation to deal with rising oil prices, especially as the Ukraine-Russia conflict is expected to put further pressure on the commodity’s global costs. During Go Negosyo’s town hall webinar yesterday, the National Economic and Development Authority (NEDA) said oil supply and prices […]
Read MoreSINGAPORE, Feb 24 — Most economists expect core inflation to hover above 2 per cent for the rest of the year, after Singapore recorded in January its highest year-on-year rise in this measure of the price of goods and services in almost a decade. Core inflation, which excludes accommodation and transport because these can bounce around unpredictably, […]
Read MoreThe private sector agrees with the Bank of Thailand’s planned financial landscape that aims to create a sustainable digital economy, but the plan requires clearer objectives in certain areas. The central bank on Feb 1 issued a public consultation paper on “Repositioning Thailand’s Financial Sector for a Sustainable Digital Economy” to lay out its underlying […]
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