Laos recorded a trade deficit of USD 45 million in October with imports and exports totaling USD 819 million. According to information from the Lao Trade Portal, Laos’ exports were USD 387 million in October, while imports totaled USD 432 million, resulting in the lowest trade deficit of the year. Major exports from Laos included copper ore, […]
Read MoreKasikornbank (KBank) aims to be a regional digital banking player, with a target of 10 million users and foreign banking income making up 5% of total net income. The bank’s international banking business, named World Business Group (WBG), focuses mainly on Asean+3 (China, Japan and South Korea) and has acquired 1.6 million customers this year. […]
Read MoreMANILA, Philippines — The cost of living in the capital remained stable this year as price movements across commodities were balanced out more than a year into the pandemic. The Worldwide Cost of Living 2021 index of UK-based The Economist Intelligence Unit (EIU) showed that Manila’s ranking slid two notches to 84th from last year’s […]
Read MoreProperty prices keep rising despite Covid-19. Some apartments have seen prices soar by VND500 million over a period of several months. Minh Hanh and her husband are from Hung Yen. After five years of doing private business in Hanoi, they wanted to buy a house to settle down in Long Bien District, because the prices […]
Read MoreThe baht opened at 33.88 to the US dollar on Friday, unchanged from Thursday’s closing rate. The Thai currency is likely to move between 33.75 and 33.95 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. The market is in a risk-on state because investors are hoping that the Omicron variant […]
Read MoreTHE peso will likely end the year weaker compared to 2020 given recovering import demand, analysts said. After closing November at P50.39 to the dollar, analysts expect the peso to close out 2021 at P49-50:$1. It had ended at P48.02:$1 during the last trading day of 2020, the currency’s best finish in over four years. […]
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