Healthcare and medical equipment stocks are set to remain the biggest beneficiaries of Thailand’s ongoing lockdown, while airlines continue to slump, according to a brokerage. At the end of last month the government extended restrictions for another 14 days, starting from yesterday, and surging Covid-19 cases prompted the SET Index to continue its decline. Mongkol […]
Read MoreNew support measures may lead to a decline of VND20 trillion ($870 million) in State budget revenue. Local businesses are set to enjoy corporate income tax (CIT) cut by 30% for this year, which is expected to help them relieve part of the hardship during the current Covid-19 outbreak. Nguyen Quoc Hung, director of the […]
Read MoreMoody’s Investors Service forecasts a 5-percent credit growth in the Philippines this year but warned that further lockdowns are a key downside risk. Moody’s analyst Joyce Ong said in a virtual briefing on Tuesday that credit growth in the country will likely remain moderated below pre-pandemic levels as businesses postpone expansion plans due to Covid-19 pandemic. “In terms of […]
Read MoreThai exports could fall by as much as 300 billion baht between August and December if the number of industrial factories hit by Covid-19 doubles, according to a key shipping body. Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council (TNSC), said exporters are concerned about their prospects after Covid-19 infections have spread to at […]
Read MoreThe baht opened at 33.04 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 33.01. The Thai currency is likely to move between 32.95 and 33.10 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon explained that the baht was weakening while the US dollar could swing sideways. The baht […]
Read MoreEconomists are urging Thailand’s central bank to cut interest rates this week to support the economy amid rising downside risks. Pipat Luengnaruemitchai, chief economist at KKP Research, a research house under Kiatnakin Phatra Financial Group (KKP), said the Bank of Thailand’s Monetary Policy Committee (MPC) should reduce the policy rate at its next meeting on […]
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