THE national government’s external debt payments dragged the country’s balance of payments (BoP) into a deficit of $123 million in November, according to the Bangko Sentral ng Pilipinas (BSP). The outcome, announced on Tuesday, reversed a $1.47-billion surplus in November 2020 and erased a $1.14-billion surplus in October of this year. It was also the […]
Read MoreCambodia’s global non-gold goods trade topped $29 billion in the first three quarters of 2021, increasing by around a quarter year-on-year, the Ministry of Economy and Finance reported. The Kingdom’s international trade has remained in positive growth territory even as the economy continues to be under stress from the Covid-19 crisis – especially after the […]
Read MoreThe cabinet on Tuesday approved fresh stimulus packages dubbed New Year’s presents to stimulate spending during the festive season. The packages include a tax deduction for individual taxpayers of up to 30,000 baht when purchasing goods or services, an extension of the existing co-payment subsidy scheme and a cut in property transfer and mortgage fees. According […]
Read MoreThe baht opened at 33.67 to the US dollar on Wednesday, strengthening from Tuesday’s closing rate of 33.71. The Thai currency is likely to move between 33.60 and 33.80 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is likely to fluctuate but it will not […]
Read MoreGlobal oil prices are estimated to have peaked last month, with prices likely to decline as the winter, which typically increases energy consumption, ends early next year, says the Oil Fuel Fund Office (Offo). Wisak Watanasap, director of the Offo, said the highest prices for Dubai crude oil were recorded in November at an average […]
Read MoreKUALA LUMPUR: Malaysia’s government and companies must address mounting allegations of workplace abuse of migrant labourers who fuel the country’s economy, or face risks to its export-reliant growth model, experts warn. Malaysia has for decades banked on migrant workers to power mainstay manufacturing and agriculture, becoming an integral part of the global supply chain for […]
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