The Myanmar kyat has strengthened against the US dollar in recent months, with the exchange rate hovering just above K1500 over the past two weeks. While volatility has risen, experts reckon the Central Bank has done a good job in keeping the kyat stable. The dollar is weakening on the back of mounting uncertainty over […]
Read MoreMANILA, Philippines — The Philippines will maintain its status of being the world’s biggest rice importer by 2020, according to the United States Department of Agriculture-Foreign Agricultural Service (USDA-FAS). The country is seen importing some 2.7 million metric tons of rice next year, higher than the 2.4 million MT imports of China. “There is an […]
Read MoreThe Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in China and India is weighed down by both external and domestic factors. In a supplement to its Asian Development Outlook 2019 Update released in September, ADB now expects GDP in the region […]
Read MoreRETAIL sales fell for the ninth straight month in October, coming in below market expectations, even as, in a blow to demand outlook, separate government data showed signs of a weaker labour market. Stores in Singapore rang up S$3.6 billion in sales, down by 4.3 per cent year on year, the Department of Statistics said […]
Read MoreKUALA LUMPUR: The Industrial Production Index of Malaysia grew 0.3% in October as compared with the same month last year, underpinned by an increase in the manufacturing and electricity indices. This marked the slowest rate of expansion since February 2013, when output had fallen 4.4%, and was well below the median growth forecast of 1.6% […]
Read MoreBangkok has leapt 43 places and entered the top 50 most expensive locations in the world for the first time, largely because of the strong baht, according a survey by ECA International, which advises on management and compensation for employees being assigned around the world. “Bangkok, long seen as a cheap destination for holidaymakers and […]
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Thailand
