The baht opened at 33.42 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 33.37. The Thai currency is likely to move between 33.40 and 33.50 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is likely to fluctuate as investors are in […]
Read MoreIndonesia is seeking to rally the Group of 20 (G20) nations to reach agreements on four intractable global taxation issues, hoping to clinch certain deals before the country’s G20 presidency ends in December of next year. Indonesia will raise the issues of the taxation of multinational companies’ profits, a 15 per cent global minimum corporate […]
Read MoreThe policy paths of the world’s major central banks are diverging sharply, creating crosswinds for investors, as the Omicron variant of Covid-19 clouds an already uneven global recovery and risks aggravating red-hot inflation. Policy makers at three influential central banks — the Federal Reserve, the European Central Bank and the Bank of England — meet […]
Read MoreCambodia’s garment sector increased fabric imports by more than 25 percent to $3.5 billion in the first nine months of the year compared with the same period in 2020, according to the World Bank. The rise was due to growing orders and rising exports of garments and travel products, said Kaing Monika, Deputy Secretary General […]
Read MoreHCM CITY — Businesses in HCM City are preparing a wide range of essential goods commonly consumed during the upcoming Tết (Lunar New Year) holiday to ensure sufficient supply and stable prices. Large retailers have worked with manufacturers and suppliers to stock two or three times the amount of goods compared to other months, particularly pork and other fresh meat, eggs, fruits, vegetables and processed food. […]
Read MoreTHE Asian Development Bank (ADB) on Tuesday raised its 2021 and 2022 Philippine growth forecasts, citing the country’s ramped-up vaccination program and declining Covid-19 cases. In an update to its 2021 Asian Development Outlook, the Manila-based multilateral said Philippine gross domestic product (GDP) growth would likely hit 5.1 percent this year, up from 4.5 percent previously. The projection is […]
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