The baht opened at 33.42 to the US dollar on Monday, weakening from the previous closing rate of 33.32. The Thai currency is likely to move between 33.10 and 33.60 during the day and between 33.30 and 33.50, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might strengthen with the investment […]
Read MoreRetail petrol prices in Cambodia saw a 200 riel ($0.05) jump on October 16, as international crude benchmarks boil over $80 per barrel. An attendant at a Total petrol station in Phnom Penh, who asked not to be named, told The Post on October 17 that the prices for a litre of diesel, regular and […]
Read MoreKUALA LUMPUR, Oct 15 — The Information and Communications Technology (ICT) industry registered a 10.4 per cent growth in 2020, valued at RM320 billion, compared with 7.3 per cent in the previous year, said the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the ICT industry had shown positive growth despite the country having to face bitter challenges […]
Read MoreBENGALURU, Oct 15 (Reuters) – Indonesia’s central bank will hold interest rates steady next week to bolster the economy as activity stalled by the recent devastating COVID-19 wave gradually gathers pace, according to a Reuters poll of economists. Since the onset of the pandemic, Bank Indonesia (BI) has slashed its benchmark seven-day reverse repurchase rate (IDCBRR=ECI) by […]
Read MoreSINGAPORE – New private home sales posted a double-digit drop for a second straight month as many developers held off on new launches following a sharp rise in Covid-19 community cases and tight visitor restrictions. The number of units moved fell 31 per cent to 834 units last month from 1,216 in August, while sales dropped 37 […]
Read MoreThe International Monetary Fund (IMF) has forecast Vietnam’s GDP to grow at around 3.8% this year, higher than that of its regional peers, Malaysia, Thailand, the Philippines, and Indonesia. The IMF said in its “World Economic Outlook” report released recently that Asia’s economic growth this year is predicted to stand at about 6.5%, with some […]
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