The baht opened at 34.07 to the US dollar on Tuesday, weakening further after breaching the key 34/dollar level to close at 34.04 on Monday. The currency is expected to move between 33.95 and 34.15 on Tuesday, Krungthai market strategist Poon Panichpibool said. Poon said the risk-averse market and Covid-19 situation in China could add […]
Read MoreKUALA LUMPUR, April 26 — As most employers prepare for the implementation of the new minimum wage of RM1,500 come May 1, uncertainty remains on whether small and medium enterprises (SMEs) will be able to shoulder the increased cost. The new standard comes just as economic activity begins to return to normal after a severe […]
Read MoreThe foreign direct investment in Cambodia registered a growth of 11.2 percent in 2021 compared to the previous year, according to a report from the National Bank of Cambodia yesterday. The investment from China, South Korea, Vietnam, Singapore, Japan and Malaysia in the sectors of finance, manufacturing, real estate, hotel and restaurant, agriculture, and construction […]
Read MoreDeputy Prime Minister Le Van Thanh has asked the Ministry of Industry and Trade to study policies to promote the development of the domestic automobile industry, in line with the growing global trend towards electric cars. The request was to response to the proposal of the Vietnam Automobile Manufacturers’ Association (VAMA). VAMA said that Vietnam […]
Read MoreMANILA, Philippines — The country’s largest banks continue to take a hit from the interest rate cap imposed by the Bangko Sentral ng Pilipinas (BSP) on credit card charges for more than a year. Nestor Tan, president and CEO of Sy-led BDO Unibank Inc., said the cap on credit card interest rates imposed in November […]
Read MoreJAKARTA: Indonesian government officials told palm oil companies yesterday that an export ban announced late last week would cover shipments of refined, bleached, deodorised (RBD) palm olein but not crude palm oil (CPO), two industry sources told Reuters. Officials at the trade ministry and coordinating ministry of economic affairs did not immediately respond to requests […]
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Thailand
