The baht opened at 32.81 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 32.75. The Thai currency is likely to move between 32.75 and 32.90 on Wednesday and between 32.60 and 33 this week, Krungthai Bank market strategist Poon Panichpibool said. He explained that the weakening of the baht would spur […]
Read MoreThe Vietnamese Mekong Delta province of Long An plans to set up six logistics centres to meet transportation, and export and import demands, according to the provincial Department of Industry and Trade. The centres are also expected to help local firms improve their competitiveness, the department said. Of the facilities, three will be located in […]
Read MoreMANILA, Philippines — The Philippines has cited the need for regional and international collaboration in the agriculture sector in a bid to build more sustainable food systems. In a virtual meeting with five other Asian agriculture ministers on Monday, Agriculture Secretary William Dar encouraged his counterparts to unite and strive to achieve desired goals and […]
Read MoreThai gold prices hit a three-month high at 28,200 baht per one-baht weight on Tuesday, spurred by the depreciating baht which hit a 13-month low and the continued decline of Thai shares amid rising Covid infections. Meanwhile, cryptocurrencies led by Bitcoin slid to below a million baht for the first time in nearly two months. […]
Read MoreThailand’s GDP growth may be in a negative territory this year as the intense lockdown measures and the prospect of a protracted pandemic continue to crush the economy, according to Asia Plus Securities (ASPS). The imminent lockdown measures are expected to be as strict as those employed during the second quarter of 2020, pressuring the […]
Read MoreTHE Singapore dollar is poised to outperform its South-east Asian peers as a higher vaccination rate and rising core inflation may spur its central bank to start tightening policy sooner than its regional counterparts. While all South-east Asian currencies have been under pressure against the greenback since the Federal Reserve’s latest “dot plot” brought US […]
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