SINGAPORE: The US Treasury added Singapore, Malaysia and Vietnam to a watchlist for currency manipulation, putting their foreign-exchange policies under scrutiny. Singapore made the list because of its large current account surplus and net foreign currency purchases of at least $17 billion in 2018, equivalent to 4.6% of GDP, according to the Treasury. Malaysia was […]
Read MoreHANOI: Vietnam may be one of the world’s fastest-growing economies, yet it’s still in the dark ages when it comes to joining the global trend toward cashless transactions. To understand why, look no further than to consumers like Tran Van Nhan, who recently bought his two-bedroom home in Hanoi with gold and a sack of […]
Read MoreThe baht defied the “Sell in May” playbook and is heading for the top spot in in global emerging markets this month, driven in part by foreign inflows into the nation’s bond and stock markets. The currency has gained 0.3% against the dollar in May as of 11.06am, making it the sole gainer among developing-nation […]
Read MoreThe Bank of Thailand is keeping close watch on a possible move by the United States to declare the country a currency manipulator, even though the kingdom is not currently on Washington’s watchlist, governor Veerathai Santiprabhob said on Wednesday. Mr Veerathai said the US decision not to include Thailand on the list showed that close cooperation […]
Read MoreThailand has moved up five places, from the 25th from the 30th position, in a World Competitiveness ranking due to improved economic performance, government efficiency and infrastructure. The International Institute for Management Development (IMD) of Switzerland rated 63 economies for their economic performance, government efficiency, business efficiency and infrastructure. Thosaporn Sirisamphand, secretary-general of the National Economic and […]
Read MoreThailand’s manufacturing production index (MPI) in April unexpectedly rose 2.03% from a year earlier, led by higher production of cars and air conditioners, the Industry Ministry said on Tuesday. That compares with a forecast fall of 1.0% in a Reuters poll, and against March’s revised 2.66% decline. Capacity utilisation was at 63.89% in April, down from […]
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