The Bank of Thailand (BoT) is considering adjusting the foreign exchange regulatory framework to help the economy better cope with volatility, officials said on Tuesday, as the baht hit a more than 13-month low against the US dollar. The adjustments include reducing foreign exchange limitations, facilitating hedging and removing a requirement of supporting documents for […]
Read MorePETALING JAYA: Malaysia’s total trade grew by 26% year-on-year (y-o-y) to RM867.4bil in the first five months of 2021, the Ministry of International Trade and Industry (Miti) said. Trade surplus surged by 112.2% to RM92.79bil, as exports rose by 31.1% to RM480.09bil and imports increased by 20.1% to RM387.31bil. The ministry said the country’s trade […]
Read MoreRegular international flights can be gradually resumed by the end of 2021 as the COVID-19 situation will improve in the second half of the year when vaccination is accelerated in Vietnam and in the world, the Civil Aviation Authority of Vietnam (CAAV) said in a report sent to the Ministry of Transport. CAAV statistics show […]
Read MoreMANILA, Philippines — The Philippines is ramping up its drive to further tighten anti-money laundering and terrorist financing regulations in an effort to be removed from the watchlist of global dirty money watchdog Financial Action Task Force (FATF) as early as January 2023. Bangko Sentral ng Pilipinas (BSP) Governor and Anti-Money Laundering Council chairman Benjamin […]
Read MoreKUALA LUMPUR: The ringgit opened slightly lower against the US dollar this morning as the oil price had declined amidst concerns that the spread of the COVID-19 Delta variant would ease demand for fuel, an analyst said. At 9.03 am, the local note declined to 4.1470/1500 versus the greenback from 4.1445/1495 at Monday’s close. At […]
Read MoreExport stocks in many industries are expected to gain from a 6% depreciation of the Thai baht since mid-May as the prospects of US economic recovery and an inflation rate hike has caused the US dollar to rise, according to KTBST Securities. Petrochemical, energy and material import stocks from businesses abroad face losses on the […]
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Thailand
