Oil mutual funds posted the highest average return of 65.9% in 2021, spurred by the rise in oil prices based on low supply and higher demand, according to Morningstar Research Thailand. Second were Thai mid- and small-cap equity funds, followed by Indian equity funds and US equity funds, which provided average returns of 27.4%, 26.2% […]
Read MoreMANILA, Philippines — Banks are ramping up their campaign against the rising number of pass-through or money mule accounts, according to the Bankers Association of the Philippines (BAP). In a statement, the BAP said it is working closely with Congress to enhance cybersecurity laws in the country. The group is pushing for the passage of […]
Read MoreThe baht opened at 32.95 to the US dollar on Friday, weakening from Thursday’s closing of 32.92, though it’s likely to move between 32.85 and 33.05 during the day. Krungthai Bank market strategist Poon Panichpibool said the baht is volatile and likely to move sideways despite the government easing prevention measures and reopening the country […]
Read MoreThailand will resume the ‘Test & Go’ quarantine waiver for vaccinated arrivals from Feb 1, the Centre for Covid-19 Situation Administration (CCSA) said on Thursday, in response to slowing coronavirus infections. The scheme was suspended a month ago after only seven weeks due to the rapid global spread of the Omicron variant and uncertainty about […]
Read MoreMANILA, Philippines — The impact of the Omicron coronavirus variant on the Philippine economy is expected to be less severe, but growth will still be lower than expectations this year. In an email to The STAR, Oxford Economics assistant economist Makoto Tsuchiya said the forecast growth in gross domestic product (GDP) for the Philippines this […]
Read MoreThe government has banned the import of certain types of agricultural produce, livestock and fish, aimed at spurring the farming of these crops and animals in Laos to boost the economy and generate more revenue for farmers. In terms of crops, the government has named cabbage, garlic, onions, pepper, lettuce and white cabbage as crops […]
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