The baht hit its lowest point in seven weeks, opening at 33.05 to the US dollar, down from Monday’s closing of 33.08. The Thai currency is likely to move between 32.95 and 33.15 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He says the baht is likely to swing sideways […]
Read MoreExport of textiles, garments, footwear and travel products have registered, in fact, bounced back to the annual growth of an average of approximately 10 percent over the past 10 years thus becoming the key sector for the Cambodian economy. After just one year of a minor decline in growth due to Covid-19 in 2020, the […]
Read MoreAssuming Vietnam keeps the current pace of trading growth, the turnover could set a new record and exceed the $700-billion mark in 2022. The Ministry of Industry and Trade (MoIT) expected the country’s exports to expand by 6-8% in 2022 and a positive trade balance to ensure the GDP growth stays in the range of […]
Read MoreInfrastructure investment in the government’s flagship Eastern Economic Corridor (EEC) during 2022-2026, seen as the second phase of EEC development, is estimated at only 398 billion baht, a significant drop from 900 billion baht in the first phase of 2018-2021. Kanit Sangsubhan, secretary-general to the Eastern Economic Corridor Office, said the second-phase development will target […]
Read MoreTHE Bangko Sentral ng Pilipinas (BSP) said it is looking at the possibility of extending regulatory incentives to banks that will embrace sustainability principles. In a statement on Monday, the BSP said the move aims to mainstream sustainable finance and mobilize capital to address urgent global challenges. “We are now looking at the potential use […]
Read MoreSINGAPORE – New private home sales in the final month of 2021 were hit by property cooling measures that kicked in in the second half of December on top of the usual year-end seasonal lull. Sales slumped 58 per cent to 650 units last month from 1,547 units in November, according to Urban Redevelopment Authority (URA) data […]
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