The Philippine peso advanced to its strongest level in more than four years after exports revenues grew at their fastest pace in a decade. The peso rose for the sixth consecutive week, edging slightly by 4.5 bps this week to 47.81 per US dollar. The currency is among the steadiest performers in Asia this year, […]
Read MoreThe baht opened at 31.35 to the US dollar on Monday, weakening from Friday’s closing rate of 31.39. The Thai currency is likely to move between 31.30 and 31.45 during the day and between 31.20 and 31.50 this week, Krungthai Bank market strategist Poon Panichpibool said. He said the dollar would tend to be stable […]
Read MoreTravel restrictions in many parts of the world caused by new outbreaks triggered by virus mutations and differing paces of vaccination threaten recovery prospects for the aviation industry, which is suffering its worst crisis. However, due to travel restrictions, the number of flights has been lowered to 50-60 per year, mostly serving as medical evacuation […]
Read MoreDespite the Covid-19 outbreaks, Thailand’s fresh fruit export prospects remain promising this year as the appetite worldwide for Thai fruit is strong, particularly in China, Vietnam and Hong Kong. According to Somdet Susomboon, director-general of the International Trade Promotion Department, the agency expects fresh fruit shipments to grow by 17% this year to 122 billion […]
Read MoreIndonesia’s ride-hailing and payments giant Gojek agreed to combine with e-commerce pioneer PT Tokopedia to create the largest internet company in the world’s fourth most-populous nation. The combined entity is set to form an Indonesian powerhouse, encompassing businesses from car-sharing and fintech to online shopping and delivery. The two companies said Monday they will form […]
Read MoreThe Bank of Thailand (BOT) has one of the most mature interbank/wholesale central bank digital currency (CBDC) projects in the world, a report from PwC said. The “PwC Global CBDC Index 2021” analyses central banks’ maturity in deploying their own digital currency, including tracking progress and stance on developing CBDC development. The other central bank […]
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