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Thailand: Foreign funds drive baht

Year-to-date net foreign inflows into Thai bonds have reached 47 billion baht, with foreign investors viewing Thailand as a destination to park their funds. Some have fingered the movement as the source of the baht’s strengthening value. The baht rose 0.3% Thursday to a nearly 3½-year high of 32.02 against the US dollar. The baht […]

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Myanmar: Maungdaw rice loses value in face of limited demand

Rice prices in Maungdaw township, Rakhine State, have fallen this year, according to merchants and residents from the region. The change in price is due to decrease in demand. Bangladesh, which borders Myanmar, is having a decent yield this year and Yangon-based traders have decided to directly export rice to import rice from there. Hence the demand for Maungdaw […]

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Thailand: Private sector urges BoT to act on baht

The private sector has asked the government and the Bank of Thailand to hold a meeting on finding ways to curb the baht’s rapid gains, which is putting the baht among the top-performing currencies in Asia. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) will propose next week that policymakers meet, said committee […]

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