KUALA LUMPUR, Dec 22 — The ringgit appreciated against the US dollar at the opening on Wednesday amidst improved risk appetites. At 9.15am, the local note rose to 4.2050/2075 versus the greenback from 4.2065/2110 on Tuesday. Bank Islam Malaysia chief economist Mohd Afzanizam Abdul Rashid said the US dollar index (DXY) was down by 0.09 per cent to 96.46 points, […]
Read MoreThai tourism is expected to hit a dead end after the Centre for Covid-19 Situation Administration decided to temporarily suspend the “Test & Go” scheme and freeze Thailand Pass approval for this scheme from today. Phuket is allowed to continue its sandbox programme, while entry is allowed to all provinces with quarantine. “We’ve learned from […]
Read MoreTHE national government’s external debt payments dragged the country’s balance of payments (BoP) into a deficit of $123 million in November, according to the Bangko Sentral ng Pilipinas (BSP). The outcome, announced on Tuesday, reversed a $1.47-billion surplus in November 2020 and erased a $1.14-billion surplus in October of this year. It was also the […]
Read MoreCambodia’s global non-gold goods trade topped $29 billion in the first three quarters of 2021, increasing by around a quarter year-on-year, the Ministry of Economy and Finance reported. The Kingdom’s international trade has remained in positive growth territory even as the economy continues to be under stress from the Covid-19 crisis – especially after the […]
Read MoreThe cabinet on Tuesday approved fresh stimulus packages dubbed New Year’s presents to stimulate spending during the festive season. The packages include a tax deduction for individual taxpayers of up to 30,000 baht when purchasing goods or services, an extension of the existing co-payment subsidy scheme and a cut in property transfer and mortgage fees. According […]
Read MoreThe baht opened at 33.67 to the US dollar on Wednesday, strengthening from Tuesday’s closing rate of 33.71. The Thai currency is likely to move between 33.60 and 33.80 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is likely to fluctuate but it will not […]
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