MANILA, Philippines — The Philippines’ economic recovery may be put in jeopardy as the government continues to fail in narrowing the budget shortfall, a global think tank said. In its latest economic monitor, UK-based Pantheon Macroeconomics said the Philippines’ strained public finances reflected the feeble recovery it is going through nearly two years since the […]
Read MoreThe baht opened at 33.20 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 33.12. The Thai currency is likely to move between 33.10 and 33.25 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the default crisis of Chinese real estate companies might pressure the Asian currency […]
Read MoreThe managing director of Airports of Thailand says international carriers have returned around 80 percent of their slots at Thailand’s airports. Nitinai Sirisamatthakarn says around 80 percent of slots between Oct 31 and March 26 next year have been returned, indicating that airlines are uncertain about any imminent recovery in the aviation sector. Airport slots […]
Read MoreJAKARTA, Oct 25 (Reuters) – (This October 25 story corrected headline and lead paragraph’s Q3 GDP growth projection to 4.5%, not 4.3%, after Finance Ministry issues correction) Indonesia expects rising exports and a recovery in household consumption to result in economic growth of 4.5% in the third quarter, refining an earlier forecast for 4-5% growth, […]
Read MoreRelated parties share a common view that the security bar must be further raised by both users and service operators to prevent cybercrime regarding online payment transactions. Panic broke out last week after scores of bank card holders, particularly those with debit cards, complained via social media that their money had been removed without their […]
Read MoreCambodia and South Korea have signed a free trade agreement (FTA), cutting import tariffs by more than 90 percent. Commerce Minister Pan Sorasak inked the deal with South Korean Trade Minister Yeo Han-koo in a virtual ceremony on Tuesday. Under the deal, initially agreed in February, Cambodia will lift tariffs on 93.8 percent of products […]
Read More
Thailand
