Cambodia is ready to meet with Thailand on the issue of the 26,000sq km Overlapping Claims Area (OCA) – estimated to hold up to 500 million barrels of oil and gas deposits under the seafloor – in a bid to jointly develop the area and capitalise on its resources to the benefit of both countries […]
Read MoreThe baht opened at 36.14 to the US dollar on Tuesday, weakening from Monday’s close of 36.08. The currency is expected to move between 36.05 and 36.25 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He added that the baht is likely to fluctuate and weaken as the dollar will continue strengthening until […]
Read MoreThai retail conglomerate Central Group is planning to expand aggressively at home and in neighboring Vietnam, hoping to tap an expected jump in demand when the COVID-19 pandemic ends, according to Nikkei Asia. Central Retail, the group’s core retail arm, has set aside 30 billion THB (848 million USD) to invest in Vietnam, where it […]
Read MoreINDONESIA’S central bank raised its benchmark interest rate for the first time since 2018 on Tuesday (Aug 23), stepping up monetary tightening to fight rising inflation. Bank Indonesia (BI) hiked the 7-day reverse repurchase rate by 25 basis points (bps) to 3.75 per cent. Most analysts surveyed by Reuters had expected BI to stand pat, […]
Read MoreThe economic growth outlook for Brunei Darussalam is cautiously optimistic but with significant downside risks. This was highlighted by the Centre for Strategic and Policy Studies (CSPS) in its August issue of the Brunei Economic Update. It said despite a steep contraction in the first quarter of this year, the Brunei economy is still projected […]
Read MoreSINGAPORE’S core inflation rose to a new high of 4.8 per cent in July, the second straight month in which it exceeded the 4 per cent rate last breached during the global financial crisis, according to consumer price index figures from the Department of Statistics on Tuesday (Aug 23). This was a hair above economists’ […]
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