The Bank of Thailand plans to further relax foreign exchange regulations to balance capital flows, seeking to stabilise the exchange rate over the long term. The bank is allowing Thai individuals to invest up to UScopy0 million in offshore markets, up from $5 million now. The move should help to balance capital flows and manage baht-dollar volatility, […]
Read MoreMANILA, Philippines — The government recorded a lower budget deficit of P122.2 billion in May as revenue collections increased and expenditures barely moved amid the slow spending rate of state agencies. Data from the Bureau of the Treasury showed that the Marcos administration reverted back to a budget shortfall of P122.2 billion last month after […]
Read MoreFalling demand and lower prices of inputs have sharply driven down the prices of many goods, especially food and foodstuffs. Oanh, a footwear worker in Ho Chi Minh City’s Tan Binh District, said: “Prices of eggs, meat and vegetables are down 10-30% compared to a year ago, and the prices of some items have even […]
Read MoreThai export prospects should improve in the second half of this year as the global economy recovers and conditions are enhanced among trading partners, says the Commerce Ministry. Permanent commerce secretary Keerati Rushchano said the baht exchange rate remains competitive, while the ministry has plans to ramp up market expansion later this year into seven regions […]
Read MorePrime Minister Hun Sen said that the southwest parts of Cambodia are a hub with huge potential for investment due to their well-connected infrastructure, easy transport to deep seaports, and sufficient electricity supplies. Speaking at a get-together with workers in Kampong Speu province yesterday, the Prime Minister said Kampong Speu and other provinces in the […]
Read MoreHO CHI MINH CITY: Vietnam’s economic recovery remains challenged with exports being hit hard by weakening global demand, experts say. Speaking at a meeting in Ho Chi Minh City, Industry and Trade Minister Nguyen Hong Dien said exports have steadily decreased in most industries, including garments, agriculture, forestry, fishery and wood processing. “Local exporters have […]
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