The outlook for banks in emerging markets (EMs) is stable over the next 12 to 18 months, according to Moody’s Investors Service, but lenders in Vietnam and Malaysia are likely to perform better than those in Thailand. The world’s biggest credit ratings company said lenders will be supported by the continued recovery in economic activity […]
Read MoreThe new Laos-China railway, which will start running from Thursday, should serve as a good delivery channel for the agriculture industry, the Agriculture and Cooperatives Ministry said on Monday. The railway will initially only provide freight services to Chinese companies based in Laos, transporting goods like rubber, dried cassava, industrial salt, ore, etc. However, Thai […]
Read MoreThai exports are expected to grow 17% this year, the highest growth rate in 12 years, the country’s finance minister Arkhom Termpittayapaisith said on Monday. Mr Arkhom also told an online forum that gross domestic product next year should grow around 4% or in a range of 3.5% to 4.5%. The economy shrank by 0.3% […]
Read MoreJAKARTA: Indonesian President Joko Widodo on Monday said his government would ensure legal certainty for investment, after a court last week ruled a controversial job creation law was unconstitutional. The court said there were procedural flaws in formation of the legislation passed last year, which saw the revision of more than 70 existing laws, and […]
Read MoreThe baht opened at 33.63 to the US dollar on Monday, weakening from the previous closing of 33.59. The Thai currency is likely to move between 33.55 and 33.75 during the day and between 33.35 and 34 during the week, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might continue to […]
Read MoreKUALA LUMPUR, Nov 29 — The ringgit opened slightly higher against the US dollar today, as the greenback retreated on concerns about the latest coronavirus variant and travel controls being imposed by various countries. At 9am, the local note rose to 4.2350/2395 against the greenback from 4.2370/2400 at Friday’s close. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said […]
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