MANILA, Philippines — The peso may depreciate further to 52 to $1 by the third quarter with the hawkish stance of the US Federal Reserve and the country’s widening current account shortfall, according to DBS Bank Ltd. of Singapore. Philip Wee, foreign exchange strategist at DBS, said the door is open for the local currency […]
Read MoreBut it shall eventually catch up with growth, supported by the inflows of domestic revenue and investment to Cambodia, says National Bank of Cambodia (NBC) The year 2022 will be anything but bullish when it comes to the construction and real estate sector in Cambodia but it shall eventually catch up with growth, supported by […]
Read MoreTourism was not the only industry relieved when Thailand reopened its borders to foreigners on Nov 1 last year, with automakers also applauding the move to welcome back international visitors. The reopening was supported by the Federation of Thai Industries (FTI). Its automotive club believes the reopening, along with government promotion of electric vehicle (EV) […]
Read MoreVietnam’s ST25 rice is at risk of losing its brand in the US and Australia. The case shows that brand protection is important for local businesses to escape the “village pond” and reach out to the big sea. CEO Nguyen Ngoc Luan still vividly remembers the days when his Meet More coffee brand almost fell […]
Read MoreThe Udon Thani Industrial City, the first industrial estate in the kingdom’s northeastern region, is expected to welcome its first group of investors in April. Managing director Phisit Piputvilaikul said construction of the estate, covering 2,170 rai, is on schedule despite the Covid-19 outbreak. The first phase of development, covering 1,100 rai, has been completed. […]
Read MoreAs Omicron dims outlook MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to remain accommodative the entire year as the Omicron variant will further stall economic recovery in the Philippines. In its weekly brief, London-based Capital Economics maintained that the central bank would not deliver any surprise rate adjustment, with monetary policy […]
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Thailand
