The Philippine peso may return to the weaker P48 to US dollar territory in June as the economy continues to open up, according to bank analysts. Union Bank of the Philippines chief economist Ruben Carlo Asuncion said the peso-dollar exchange rate has a negative bias, with a forecast of P48 to P48.50:$1 for next month. […]
Read MoreThe baht opened at 31.19 to the US dollar on Tuesday, strengthening from 31.24 at close on Monday. The Thai currency is likely to move between 31.15 and 31.25 during the day, Krungthai Bank market strategist Poon Panichpibool said. He explained that the baht was moving in a narrow range, despite the weakening dollar and […]
Read MoreKUALA LUMPUR (Bernama): Beware! If you are going out to shop for daily necessities today (June 1), make sure that your destination is not more than 10km from your house or else, you will be directed to turn back. This is one of the rulings imposed during the first phase of the 14-day total lockdown […]
Read MoreBusiness sentiment eased to a three-month low on worries about the Covid-19 outbreak, but firms remained optimistic overall that output will increase over the coming year. The Vietnam Manufacturing Purchasing Managers’ Index (PMI) posted 53.1 in May, down from 54.7 in April. The latest reading, however, signaled a sixth successive improvement in business conditions, and […]
Read MoreSingaporean food delivery giant Foodpanda has announced its expansion into Kampong Speu province. This marks the 11th Cambodian province in which the company has a presence. Food delivery apps have seen a boom in sales since the Feb 20 community outbreak of Covid-19 and the ensuing lockdown that followed, with major delivery companies stating that […]
Read MoreThailand saw its manufacturing production index (MPI) increase in April by 18.46% year-on-year to 91.88 points, however, capacity utilisation decreased due in part to the impact of the third wave of Covid-19. The rise of MPI was partly attributed to increased exports in April as well as global economic recovery due to Covid-19 vaccine rollout […]
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