SINGAPORE (REUTERS, BLOOMBERG) – Singapore-listed Thai Beverage said on Thursday (May 5) that it would look to sell a 20 per cent stake in its regional beer business on the main board of the Singapore Exchange, more than a year after it postponed the plan for a second time due to pandemic-led uncertainty. The spin-off of BeerCo […]
Read MoreThe baht opened at 34.04 to the US dollar on Thursday, surging back from its previous close of 34.53. The currency is expected to move in a range between 33.95 and 34.15 on Thursday, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the factors that would cause the baht to weaken are decreasing because […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP) trade agreement has boosted Cambodia’s economy in a big way, with export to member countries of the pact hitting $1.95 billion in the first quarter (Q1) this year —up by 11 per cent from $1.75 billion over the same period last year. The top three export destinations were Vietnam, […]
Read MoreThailand can expect to welcome 20 million tourists next year, or about half the pre-pandemic level, Prime Minister Prayut Chan-o-cha said on Tuesday. That projection is likely to materialise provided the Covid-19 situation doesn’t deteriorate again and no new threats to tourism appear on the horizon, he said. Tens of thousands of tourists are arriving […]
Read MoreBualuang Securities (BLS) is bullish on the Vietnamese stock market despite a sharp decline of 11.6% in April, citing Vietnam’s high economic growth prospects. According to BLS Mutual Funds, an investment unit of BLS, the drop in the Vietnam Stock Index can be attributed to three factors. The first factor was the arrest of an […]
Read MoreThai workers are feeling the pinch from months of higher living expenses, leading them to take to the streets on Labour Day to demand a 45% increase in the daily minimum wage. Some economists and business leaders have pushed back, claiming the burden from such a wage hike would result in higher product costs and […]
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