The baht is likely to recover and strengthen to 33-34 to the US dollar by the end of 2023, as the greenback could go into reverse and start to depreciate in six months, says SCB Chief Investment Office (CIO). The Thai currency traded below 35 baht to the dollar yesterday, moving in a range of 35.15 […]
Read MoreAmid rising consumer prices MANILA, Philippines — An increase in minimum wages amid rising prices would hurt the economy in the longer term, the National Economic and Development Authority (NEDA) said. During the Development Budget Coordination Committee’s briefing for the House committee on appropriations yesterday, NEDA Secretary Arsenio Balisacan said forcing increases in minimum wages […]
Read MoreCambodia’s manufacturing output hit $15.8 billion in 2022, a remarkable increase of 83 percent year on year, thanks to both domestic and international market demands after the Covid-19 pandemic waned worldwide. A report by the Ministry of Industry, Science, Technology and Innovation yesterday showed that 186 new factories were opened last year, a growth of […]
Read MoreMANILA, Philippines — Inflation likely remained stubbornly high and could have breached nine percent in February from a fresh 14-year high of 8.7 percent in January, according to the Bangko Sentral ng Pilipinas (BSP). In a statement, the central bank said inflation last month likely settled between 8.5 percent and 9.3 percent, with upward pressures […]
Read MoreFuel retailers are finding themselves stuck between a rock and a hard place. They have to buy fuel without a discount and suffer a loss, or refuse to buy it and get a fine. HÀ NỘI — The Ministry of Industry and Trade has acted quickly to keep fuel prices in check amid the unfavourable situation, said Minister […]
Read MoreJAKARTA : Indonesia’s rice output is estimated at 13.79 million tonnes for the January to April harvest period this year, up 0.56 per cent from a year earlier, data from the country’s statistics bureau showed on Wednesday. The figure represents rice produced for household consumption and do not include output used in industries and animal […]
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Thailand
