KUALA LUMPUR: The ringgit opened flat today against the US dollar as the greenback continued to gain traction ahead of a widely expected US and European Central Bank (ECB) interest rates cut. At 9.05pm, the ringgit stood at 4.1180/1210 from Tuesday’s 4.1180/1190. A dealer said the dollar was stronger against a basket of major currencies […]
Read MoreThe Hanoitimes – If the FED lowers the interest rate by the end of this month as expected, the move would have a minimal impact on the monetary policy of Vietnam’s central bank. The State Bank of Vietnam (SBV), the country’s central bank, has recently expanded the credit growth quotas for a number of commercial […]
Read MoreSINGAPORE’S headline inflation eased in June, ending a four-month streak of edging upwards, according to consumer price index (CPI) figures released by the Department of Statistics on Tuesday. Core inflation also continued to ease, strengthening economists’ expectations of monetary easing ahead. Headline inflation was 0.6 per cent year on year, down from 0.9 per cent […]
Read MorePrime Minister Prayut Chan-o-cha will on Thursday (July 25) unveil his government’s policy statement in Parliament, aimed at elevating Thailand to developed-nation status country via 12 urgent and 12 long-term policies focused mainly on the Eastern Economic Corridor (EEC) project. Among the urgent policies, the sixth calls for a “future-proof” economic system by promoting target […]
Read MoreEnergy minister Sontirat Sontijirawong has announced several energy policies regarding LPG and NGV prices, drought problems, and biodiesel promotion, along with hinting about a new mega plan to be unveiled next week. After a meeting with his permanent secretary Kulit Sombatsiri and high-ranked executives, the new minister revealed that the Energy Ministry will focus primarily […]
Read MoreModern trade sentiment remained in the doldrums in the second quarter, as operators were still concerned about higher operation costs, the impact of political uncertainty, drought and the relatively low income of people living outside urban areas. Thanavath Phonvichai, vice-president of research at the University of the Thai Chamber of Commerce (UTCC), said despite growing […]
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