The Thai economy is expected to grow 2.6% this year as the third wave of Covid is unlikely to affect the Stock Exchange of Thailand (SET) Index as much as the previous waves, says Asia Plus Securities (ASPS). Investors are recommended to increase investments in the electric vehicle (EV) and clean energy industry which has […]
Read MoreAs curfews laid way to lockdowns last week and parts of the capital were designated “red zones” on Monday, the international community is beginning to reassess Cambodia’s economic outlook for 2021. The Economist Intelligence Unit (EIU), a division of well-respected UK weekly publication, The Economist, will probably downgrade Cambodia’s real gross domestic product (GDP) growth forecast […]
Read MoreOil is back from negative territory. As mass vaccinations roll out in the US and Europe, and with China’s economy surging ahead on an 18.3 percent growth during the first quarter of the year, crude oil prices are once again on the rise. Storage facilities are reporting new drawdowns in crude stocks and the more […]
Read MoreMANILA, Philippines — The Philippines raised around P122 billion in new debt on its second offshore fund raising activity this year meant to help foot the bill for its costly coronavirus programs. In a statement early Thursday, the Bureau of the Treasury said the €2.1 billion euro-denominated global bonds were sold in three tenors: €650 million each of 4-year and 12-year papers and €800 million of 20-year […]
Read MoreThe price of pepper, known as black gold, is increasing sharply. However, Vietnam’s pepper growers are not sure how long the price will be maintained. New road for VN pepper Unlike others, pepper farmer Nguyen Tan Cong from Dak Doa district in the Central Highlands province of Gia Lai was calm before the price fever. […]
Read MoreTen SET-listed commercial banks restrained their non-performing loan (NPL) ratio in the first quarter of 2021 as they set aside a relatively high provision for loan loss amid uncertainty brought about by the pandemic. Among the big players, Bangkok Bank (BBL) and Krungthai Bank (KTB) reported their NPL ratio marginally dropped to 3.7% and 3.66% […]
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