Foreign investors have been heavily speculating on the baht as Thailand’s twin deficits this year have pressured the local currency to weaken. Offshore investors, especially from the US, have been buying two Asian currencies, the baht and South Korea’s won. Foreign investors expect the local currency to further depreciate compared with the dollar, due to […]
Read MoreKUALA LUMPUR, Oct 21 — Consumer appetite is set to rebound next year with household spending expected to grow by some 5.1 per cent after two years of contraction as the coronavirus kept people indoors, Fitch Solutions predicted. Total consumer spending fell to RM855 billion over 2021, 5.4 per cent lower than the RM905 billion […]
Read MoreSINGAPORE: The port of Singapore is ready to help ease the global supply chain crisis, but this is expected to cause container pileups and longer waiting times for ships coming to dock here, Senior Minister of State for Transport Chee Hong Tat said on Wednesday (Oct 20). Global supply chains have been under pressure amid […]
Read MoreInvestors became overwhelmingly bullish on the Indonesian rupiah as the country’s growth prospects improved in tandem with surging commodity prices, while sentiment on the Chinese yuan became positive again, a Reuters survey showed on Thursday. Sentiments on the Singapore dollar turned positive, while bearish views on South Korea’s won, the Philippine peso and Malaysian ringgit […]
Read MoreAfter the pandemic is gradually put under control in many provinces, local authorities and businesses are striving to get the economy back to normal. However, for businesses, to resume operation, capital for production is one of the most important issues besides the shortage of labourers. Data of the General Statistics Offices has revealed alarming numbers, […]
Read MoreMANILA, Philippines — Inflation in the country will remain in an uptrend until next year, but its peak should already be expected in the last quarter of 2021. In a report, Oxford Economics said the situation remains under control even as inflationary pressures remain in some emerging Asia-Pacific economies such as the Philippines, India, Malaysia […]
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Thailand
