The baht opened at 32.67 to the US dollar on Tuesday, weakening from Monday’s closing rate of 32.65. The Thai currency is likely to move between 32.60 and 32.75 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon said that foreign investors had decided to sell their assets in Thailand due to uncertainty […]
Read MorePETALING JAYA: Uncertainties surrounding the duration of the first phase of the National Recovery Plan (NRP) are expected to weigh on Malaysia’s economic growth, especially in the third quarter of this year. While seven states have since moved on to the second phase of the NRP, which allows for an expanded list of activities, the […]
Read MoreAs the pandemic continues to persist, stronger measures are needed to restructure debts and lower interest rates for customers. The State Bank of Vietnam (SBV), the country’s central bank, suggested the Vietnam Banks Association (VNBA) should reach an agreement with commercial banks and institutions in lowering interest rates in July. SBV’s Vice Governor Dao Minh […]
Read MoreThe Ministry of Economy and Finance’s General Department of Customs and Excise of Cambodia (GDCE) has waived the payment of customs broker licence fees for 2021-2022 as the Kingdom’s transport and logistics sectors reel from the sweeping effects of the ever-deepening Covid-19 pandemic. A letter signed by GDCE director-general Kun Nhem on July 9 noted […]
Read MoreMANILA, Philippines — The net inflow of foreign direct investments (FDIs) more than doubled to $679 million in April from $317 million a year ago on the back of positive investor sentiment on the country’s macroeconomic fundamentals and strong growth prospects, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the 114 […]
Read MoreState-run Electricity Generating Authority of Thailand (Egat) estimates electricity output and imports this year to rise by 1.68% to 195.16 billion kilowatt hour (KWH), from 191.93 billion KWH last year, due to a extended hot season and positive socio-economic factors. Egat governor, Boonyanit Wongrukmit, said the increase is based on assumptions that power demand will […]
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