Thailand’s banking system remained resilient with high capital buffers and liquidity to cushion economic uncertainty, the Bank of Thailand (BoT) said on Monday, as the country deals with a third wave of coronavirus infections. The outbreak, the country’s biggest so far, has hit consumption and tourism, prompting a growth outlook downgrade by the National Economic Development Council on […]
Read MoreMANILA, Philippines — Wholesale prices of building materials in Metro Manila continued to climb, rising at their fastest pace since the start of the pandemic last year, the Philippine Statistics Authority (PSA) said. The latest Construction Materials Wholesale Price Index (CMWPI), which is used as a reference in the costing of government projects, went up […]
Read MoreKUALA LUMPUR: The ringgit opened easier against the US dollar on Monday as the local currency continued to struggle amid concerns over the COVID-19 death toll, mobility restrictions and vaccination deployment, all of which have surfaced as short-term threats to the local economy. At 9am, the local currency eased to 4.1340/1370 against the greenback from […]
Read MoreSINGAPORE, May 17 — The air travel bubble (ATB) between Singapore and Hong Kong, which was set to be relaunched on May 26, has been delayed again amid the worsening Covid-19 situation in Singapore. In a statement today, Singapore’s Ministry of Transport (MOT) said the new launch date will be reviewed towards the end of […]
Read MoreThe government’s recent ban on dining in at restaurants in major cities and reports of more Covid infections at some high-profile restaurants have sounded the death knell for many eateries. These factors represent a doubly whammy for small and medium-size family-run eateries, street stalls and food vendors, which rely heavily on foot traffic. With the […]
Read MoreAll foreign exchange (forex) trading activities in Vietnam are illegal as the authorities have not issued license for any forex trading floor. Promises of sky-high profit with short payback period are tricks that never get old in luring people into illegal cryptocurrency exchanges. At the end, all these investors have left are huge debts on […]
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Thailand
