The baht opened at 31.40 to the US dollar on Monday, unchanged from its close on Friday. The Thai currency is likely to move between 31.35 and 31.45 during the day and between 31.25 and 31.60 this week, Krungthai Bank market strategist Poon Panichpibool said. He said the baht may weaken in the short term […]
Read MoreWith Cambodia registering hundreds of new COVID-19 cases daily, the public is increasingly turning away from cash payments to avoid face-to-face interactions. Last week, the Microfinance Association of Cambodia (MAC) and the National Bank of Cambodia (NBC) discouraged the use of physical currency to help curb the spread of the pandemic – “Banking and financial […]
Read MoreHONG KONG: A long-delayed travel bubble between Hong Kong and Singapore will finally allow quarantine-free trips starting on May 26, both governments revealed on Monday. Travellers from Hong Kong will need to have been fully vaccinated against the coronavirus two weeks before their date of departure for Singapore, though this will not be required for […]
Read MoreThe Philippine peso is a standout among emerging market currencies (EM) this year. While many EM currencies weakened significantly against the US dollar on the back of rising US interest rates, the peso has been stable. Closing at 48.38 against the dollar last Friday, it is just 0.9 percent off its recent top of 47.93. […]
Read MoreVietnam has joined many multilateral and bilateral trade agreements in recent years. The question is what the country receives from these trade relations. Foreign trade statistics show that Vietnam has always gained a trade surplus with the United States, the EU and Japan while the country’s trade with China and South Korea has constantly been […]
Read MoreUOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting review the latest inflation figures in the Malaysian economy. Key Quotes “Headline inflation jumped to 1.7% y/y in Mar (from +0.1% y/y in Feb), slightly higher than our estimate (1.5%) and Bloomberg consensus (1.6%). It also marked the highest rate in nearly three years, […]
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