The baht opened at 32.87 to the US dollar on Wednesday, strengthening from Tuesday’s close of 32.93. The Thai currency is likely to move between 32.80 and 33.00 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht was likely to swing sideways before US inflation results from its Consumer Price […]
Read MoreKUALA LUMPUR (Feb 8): The increase in Malaysia’s industrial production index (IPI) slowed down to 5.8% in December compared with 9.4% in November. “The expansion of IPI [from a year earlier] was contributed by the increment of 8.4% in manufacturing index and 3.7% in electricity index. “Meanwhile, the mining index recorded a decline of 2.5%,” […]
Read MoreGarden and agricultural land is attracting buyers because of anticipated profits during “land fever” spells. After half of year of hot land prices, the Ba Vi real estate market has cooled down since the pre-Tet days. However, a broker said the market remains very attractive with a wide range of products. He said most investors […]
Read MoreMinister of Economy and Finance Aun Pornmoniroth has pegged Cambodia’s economic growth at 5.6 per cent for 2022, reflecting national progress towards herd immunity against Covid-19, underpinned by vaccination rates that rank among the best globally and that have motivated the government to allow the full restoration of socio-economic activity. Speaking at the inauguration ceremony […]
Read MoreMANILA, Philippines — A repeat of the sharp depreciation of the peso in 2018 is possible this year, especially after the May 9 polls due to the tightening cycle of the US Federal Reserve and the country’s widening trade deficit, according to ANZ Research. In a report, ANZ head of research for Asia Khoon Goh […]
Read MoreThe Finance Ministry is considering the Federation of Thai Capital Market Organizations’ (Fetco) proposal to extend the waiver of the transaction tax for stock trades because reimposing it can cause trading costs to increase by 70% for general investors and 170% for foreign investors. The tax has been waived since 1991, but the ministry plans […]
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Thailand
