The Bank of Thailand (BoT)’s view is that the government’s latest lockdown measures will lead to higher downside risks for the Thai economy amid the spread of the Delta variant of Covid-19, which is fuelling the latest wave of infections. The government’s new round of tighter lockdown measures and travel curbs reflect a higher downside […]
Read MoreHttpool has expanded its ad sales partnership with Spotify to include Laos and Cambodia, being the exclusive representative to manage Spotify’s advertising offerings in Indochina for brands of all sizes seeking to connect with their audiences. As the world’s most popular audio streaming platform, Spotify offers a palette of innovative advertising solutions for brands to […]
Read MoreThe Philippine peso slumped to a one-year low last week amid a strengthening US dollar and volatile oil prices. As a result, the peso weakened to 50.17 last Friday before closing at 50.08. This is the biggest one-week drop since 2013. Year-to-date, the peso has declined by 4.27 percent. The recent weakness of the peso […]
Read MoreThe Federation of Thai Industries (FTI) is closely monitoring the foreign exchange rate after the baht recently fell to its weakest value in 14 months at 32.29 baht to the US dollar, although this benefits Thai exporters. The baht is expected to remain weak in the short term because the US Federal Reserve is likely […]
Read MoreBanks have reported huge profits for Q2 and H1 due to high credit growth rates and lending interest rates, while capital mobilization cost has been low. SSI Research has released a report estimating the business results in Q2 of 33 listed companies. Most of the banks mentioned in the reports made high profits. The banks […]
Read MoreMANILA, Philippines (Update 1, July 13, 2021 9:23 a.m.) — The Philippines’ hard-earned credit rating that the Duterte administration tried to protect by limiting pandemic spending is now at risk of being downgraded, as the health crisis is seen leaving deep economic scars. Global debt watcher Fitch Ratings on Monday downgraded its outlook on the Philippines from “stable” […]
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