He predicted that in the short term the baht would weaken due to several factors, including the Covid-19 crisis in Thailand and other countries. Poon explained that the crisis has forced people to hold onto their safe-haven assets – the dollar, for example. He predicted the baht throughout the week would come under pressure from […]
Read MoreCambodia’s digital retail ecosystem was ranked first in Asia and second globally in the PricewaterhouseCooper (PwC) inaugural Central Bank Digital Currency (CBDC) Global Index. “Looking at the most advanced projects globally, retail efforts have already produced two live projects in the Bahamas and Cambodia,” the report said. “No interbank/wholesale CBDC projects have reached this maturity […]
Read MoreTHE national government’s proposed benchmark-sized euro bond offering has secured investment grade ratings by international debt watchers. In a statement released on Tuesday, S&P Global Ratings said it assigned a “‘BBB+’ long-term foreign currency rating to the proposed benchmark-size euro-denominated senior unsecured notes to be issued by the Philippines (BBB+/Stable/A-2).” Moody’s Investors Service, meanwhile, said, […]
Read MoreThe research centre said the downgrade came despite positive factors such as the upswing in exports as well as current and future government remedial measures. KResearch said the third wave of Covid-19, which emerged late last month, would impact previous predictions of 2 million foreign tourist arrivals this year. It pointed out that Thailand’s vaccination […]
Read MoreThe Cambodian Rice Federation (CRF) has appealed for understanding and patience from all stakeholders, especially the buyers, as rice exporters and millers have been facing transport problems due to lockdown. In order to control the spread of COVID-19, the Royal Government of Cambodia has issued a lockdown order on the whole of Phnom Penh capital […]
Read MoreBangkok has fallen 19 places to the 49th most expensive location worldwide for international executive-standard accommodation, according to ECA International, a provider of information and software for the assignment of employees around the world. The decline reflects the severe impact that the Covid-19 pandemic has had on the rental market in the tourism-reliant Thai economy, […]
Read More
Thailand
