Bank of Thailand governor Veerathai Santiprabhob has warned that the baht’s volatility will remain high in the foreseeable future, prompted by tightened monetary policy in advanced economies and tit-for-tat trade tariffs among economic behemoths. Foreign exchange volatility should persist, affecting both money and capital markets across the globe, but the situation is not worrisome as Thailand […]
Read MoreThe Bank of Thailand plans to launch a new series of banknotes, codenamed Series 17, on July 28 as part of the national celebrations for His Majesty the King’s 66th birthday, Bank of Thailand governor Veerathai Santiprabhob announced Tuesday. The printing of the Series 17 notes has won approval from the King already and they will […]
Read MoreLogistic costs in Indonesia are higher than those in other countries. Committee for Acceleration of Priority Infrastructure Delivery (KPPIP) chairman Wahyu Utomo said 72 percent of logistic costs went to transportation. Citing data from the Logistic Report Index 2016 by the World Bank, Wahyu said Indonesia was in 63rd position out of 160 countries in the […]
Read MoreMANILA, Philippines — The overall increase in prices of key consumer items likely accelerated at a faster pace in June driven by higher food prices, the Department of Finance said Tuesday. In an economic bulletin, the DOF said inflation might have inched up to 4.9 percent in June. Actual May inflation rate spiked to a five-year […]
Read MoreThe Commerce Ministry has revised the national inflation rate to 0.8-1.6% this year from 0.7-1.7% after headline prices rose for a 12th straight month in June. The ministry’s revised forecast assumed a Dubai crude oil price in a range of US$60-70 per barrel, Thai economic growth of 4.2-4.7%, an exchange rate of 32-34 baht to […]
Read MoreThe Hanoitimes – High economic growth and market reforms have helped Vietnam become an attractive destination for big foreign investment funds. Warburg Pincus some months ago announced its intention to invest more than US$370 million in Vietnam Technological and Commercial Joint Stock Bank (Techcombank) IPO, in what it said was the largest ever private equity investment […]
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Thailand
