KUALA LUMPUR: Oil price rally and US dollar weakness supported the ringgit to close higher for the second consecutive day. At the close, the currency stood at 4.0430/0470 against the greenback from 4.0480/0520, yesterday. Axi chief global market strategist Stephen Innes expected oil to stabilise near the current level as the coronavirus vaccine rollout progresses. […]
Read MoreThe Hanoitimes – There could be a shift in trade movement as Vietnam’s trading advantage against China is diminished given the presence of the RCEP. While the Regional Comprehensive Economic Partnership (RCEP) that covers a market of 2.2 billion people, or almost 30% of the world’s population, is no doubt a major opportunity for Vietnam exports, […]
Read MoreCar manufacturing is expected to increase by 5.12% to 1.5 million units this year from 1.42 million units last year as the Federation of Thai Industries (FTI) pins hopes on the state’s ability to get the ongoing outbreak under control to bring Thailand back on track towards economic recovery. Surapong Paisitpatanapong, vice-chairman and spokesman of […]
Read MoreRevenue at state-owned enterprise Cambodia Post (CP) fell around 46 percent in 2020, reaching only $6.5 million because of the impact of the COVID-19 pandemic, said its senior official. During a memorandum of understanding (MoU) signing ceremony between Cambodia Post, Logistic Business Association (LOBA) and Super Apps Technology yesterday, Cambodia Post Director-General Ork Bora said […]
Read MoreThailand’s mutual fund industry registered a 6.5% decrease in net asset value to 5 trillion baht last year with net outflows of 280 billion baht, attributed to the effect from the closure of four fixed-income funds of TMBAM Eastspring, according to Morningstar Research Thailand. Thai large-cap equity funds registered a contraction for the first time […]
Read MoreSINGAPORE: While the Economic Development Board (EDB) has done well to secure US$17.2bil of fixed-asset investments in an exceptionally difficult year, the road ahead will be challenging, according to Trade and Industry Minister Chan Chun Sing.(pic below) Speaking at a media briefing ahead of EDB’s annual year-in-review, Chan outlined the hurdles anticipated and the republic’s […]
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