The government expects cross-border trade to grow by as much as 8-9% this year, propelled by the global economic recovery, baht weakness, and ongoing efforts by the Commerce Ministry to speed up the reopening of border checkpoints, as well as cooperation with the private sector. Commerce Minister Jurin Laksanawisit said on Wednesday overall cross-border trade, including […]
Read MoreKUALA LUMPUR, Dec 9 — The ringgit strengthened further against the US dollar at the opening on Thursday as fears over the Omicron variant eased, a dealer said. At 9am, the local note appreciated to 4.2160/2185 against the greenback from 4.2240/2260 at Wednesday’s close. The local note was traded higher vis-a-vis a basket of major currencies, except for against the euro. The […]
Read MoreMANILA, Philippines — Economists anticipate the Bangko Sentral ng Pilipinas (BSP) to shift to a cautious stance starting this month with the emergence of the Omicron variant. In a report, Debalika Sarkar, economist at ANZ Research, said that easing inflation has given the central bank some relief in maintaining an accommodative monetary policy stance to […]
Read MoreCambodia has extended the deadline for the foreign employee quota application to January 31, 2022, two months after the original deadline. Businesses in Cambodia employing or intending to employ foreign employees must apply for a foreign employee quota to the Ministry of Labor and Vocational Training (MLVT). The MLVT imposes a maximum 10 percent quota […]
Read MoreDigital asset business operators expect investment on decentralised finance (DeFi) platforms to continue to see growth next year as the digital asset industry evolves along with blockchain technology, despite a likely tightening of rules by the Securities and Exchange Commission (SEC). The SEC is conducting a hearing to collect public opinion on the rules barring […]
Read MoreThe baht opened at 33.45 to the US dollar on Thursday, strengthening from Wednesday’s closing rate of 33.48. The Thai currency is likely to move between 33.40 and 33.50 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the market is in a risk-on state which causes foreign […]
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