The baht opened at 36.72 to the US dollar on Monday, strengthening from Friday’s close of 36.74. The Thai currency will likely move between 36.65 and 36.85 against the greenback during the day and between 36.35 and 36.95 during the week, Krungthai market strategist Poon Panichpibool predicted. He added that the baht might fluctuate and […]
Read MoreMANILA – The Philippine peso dropped to a record low on Friday (Sept 2), boosting pressure on the central bank to raise interest rates more aggressively to stem the slide. The currency weakened beyond its previous all-time low set in 2004 after surging imports widened the trade deficit to a record high in June. The […]
Read MoreThailand is one of the most exciting and fastest-growing retail markets in Southeast Asia, having been an early adopter of new trends driven by digital-first consumers, which has contributed to rapid growth of e-commerce in recent years. The mobile commerce market, led by mobile applications, is expected to grow at a compound annual growth rate of […]
Read MoreVietnam’s logistics industry has yet to have its potential fully tapped, and the country needs timely solutions to meet the surging demand for logistics infrastructure. A survey by Savills Vietnam showed that the logistics industry is enjoying significant growth thanks to the expansion of the national economy, manufacturing sectors, and e-commerce. Vietnam ranked 11th in […]
Read MoreNo further clarification was offered by the American Credit Rating company which said on its website that this decision was made due to “commercial reasons”. About a month ago, Laos’s credit rating was downgraded to CCC- owing to ever-rising inflation, high external debt, falling currency reserves, and a strong US dollar which has been effectively pushing the […]
Read MoreKUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth is expected to moderate in the second half of this year (2H22) after having surged 6.9% in 1H22. Sunway University economics professor Yeah Kim Leng said the slower economic growth anticipated in 2H22 is premised on the rapid cooling of the global economy. “Key indicators pointing to […]
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