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Thailand: BoT eases forex rules for stability

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, […]

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Philippines: Budget deficit shrinks to P122 billion in May

MANILA, 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 […]

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Thai exports expected to improve in H2

Thai 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 […]

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