The Thai baht opened at 33.23 to the US dollar on Friday, strengthening from Thursday’s closing rate of 33.25. The currency is likely to move between 33.20 and 33.35 to the greenback during the day and even swing sideways unless there is a new factor, Krungthai Bank market strategist Poon Panichpibool predicted. He said the […]
Read MoreKUALA LUMPUR: In the short to medium term, the reopening of the country’s economy is expected to spur demand in the industrial sector, as evident by improved transactional activities in the second half of 2021 (H2’21), Bernama reported, citing property consultancy firm Knight Frank Malaysia. The national news agency quoted Knight Frank Johor branch director […]
Read MoreThe National Bank of Cambodia (NBC) said that a total of 370,785 accounts have under gone some form credit restructuring with financial institutions, involving up to $5.5 billion. Chea Chanto, Governor of the National Bank of Cambodia said that the number of loan applicants had increased, especially after the outbreak of the February 20 community […]
Read MoreSINGAPORE – UOB has agreed to acquire Citigroup’s consumer banking franchise in Indonesia, Malaysia, Thailand and Vietnam for about $4.915 billion. The move will enable Singapore’s third-largest bank to “scale up its business in four key regional markets at one go” and accelerate its growth targets by five years, UOB deputy chairman and chief executive officer Wee […]
Read MoreMANILA, Philippines — The Philippines will be among the beneficiaries of a $60-million Asian Development Bank (ADB) investment in a private fund that is expected to create additional jobs. The Manila-based multilateral lender signed a $60-million equity investment in Creador V L.P., a private equity fund managed by investment firm Creadorm, for investments in companies […]
Read MoreThe government is mulling a faster rollout of the fourth phase of the “Khon La Khrueng” co-payment subsidy scheme to stimulate spending. Deputy Prime Minister Supattanapong Punmeechaow said on Thursday the government is studying expediting the co-payment scheme to pump up consumer spending amid the Omicron outbreak. On Dec 21 last year, the cabinet approved […]
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Thailand
