The baht opened at 33.74 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 33.72. 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 weakening as investors sell Thai stocks or […]
Read MoreThe Philippine manufacturing sector continued to recover in November with demand expanding for the first time in eight months, the IHS Markit said. Results of the latest IHS Markit survey released on Wednesday showed that the Philippine manufacturing Purchasing Managers Index (PMI) rose to an eight-month high of 51.7 in November from 51 in October. “Latest PMI […]
Read MoreIssues with customs procedures and implementation of trade facilities policies raised by the private sector have been resolved, in what officials and private sector said the outcome will contribute to facilitating trade as the country reopened fully, economic social activities. The outcome was reached Tuesday in a meeting organised by the General Department of Customs […]
Read MoreCredit growth in 2021 is estimated at around 12-13%, roughly the rate recorded in the same period of last year. Vietnam’s credit growth expanded from 8.72% as of October 29 to 10.1% at present, or around VND126.85 trillion (US$5.6 billion) has been injected into the economy in less than a month. A surge in credit […]
Read MoreKUALA LUMPUR, Dec 1 ― The ringgit extended yesterday’s gains to open higher against the US dollar today, as the greenback continued to weaken in reaction to a statement from the United States Federal Reserve (Fed). The market had taken note of the speech by Fed chair Jerome Powell which indicated that a stronger and […]
Read MoreIndonesia’s annual inflation rate extended its acceleration in November, according to the latest data published by Statistics Indonesia showed Wednesday. Indonesian November’s inflation rate rose to 1.75% on the year when compared with October’s 1.66%, although remained way below the Bank Indonesia’s (BI) 2.5-4.5% target range. The annualized core figure arrived at 1.44% vs. 1.33% previous and 1.43% […]
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Thailand
