The baht opened at 31.93 to the US dollar on Tuesday, unchanged from Monday’s closing rate. The Thai currency is likely to move between 31.85 and 32.00 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the most important factor influencing the baht was the Covid-19 crisis in Thailand, and the vaccine […]
Read MoreData out this week may add to evidence that the region’s manufacturers are getting more confident as domestic demand and exports recover from the impact of the Coronavirus. China’s Purchasing Managers Index is forecast to rise to 51.4 this month, from 51.0 in May, according to Moody’s Analytics. The figures are released tomorrow. The PMI […]
Read MoreEconomic indicators showed the Thai economy slowed in May from the previous month, after the third wave of Covid-19 emerged in April. However, the economy continued to grow from the same period last year, driven by exports, the Finance Ministry’s Fiscal Policy Office (FPO) reported. Private consumption in May expanded from the same period last […]
Read MoreThe adoption of Bitcoin and other cryptocurrencies as a payment method for goods and services is gradually gaining traction among real-world entrepreneurs despite the inherent price volatility, including a recent dip. Bitcoin plunged to about half its peak value of over 2 million baht in mid-April. Thailand is experiencing a transition as businesses seek to […]
Read More[JAKARTA] Indonesia’s finance minister on Monday laid out a government proposal for an overhaul of tax regulations, including introducing a programme to report undisclosed assets, bringing in a carbon tax and hiking the VAT rate. Sri Mulyani Indrawati told a meeting with Parliament’s finance commission the measures were aimed at boosting government revenues that have […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – The Monetary Authority of Singapore (MAS) is inviting fintech companies and financial institutions around the world to propose innovative retail central bank digital currency (CBDC) solutions. In its Global CBDC Challenge announced on Monday (June 28), MAS said it seeks market-ready solutions that can address 12 problem statements centred on […]
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