MANILA, Philippines — The peso may depreciate to P52 against the dollar in the first quarter of 2022 as the Philippines’ current account deficit is expected to swell anew due to rising imports following the gradual reopening of the global economy, according to Singapore’s DBS Bank Ltd. In a report, DBS economist Chua Han Teng […]
Read MoreEnergy Minister Supattanapong Punmeechaow has explained the government’s thinking in acting to lower the price of B7 diesel by one baht per litre at the pump. He said it would help rein in the cost of living as global oil prices rise in a time of hardship. Mr Supattanapong, also a deputy prime minister, issued […]
Read MoreThe government has revised investment plans in the state flagship Eastern Economic Corridor (EEC), as it aims to drive economic growth by 4.5-5% a year between 2022 and 2026. Kanit Sangsubhan, secretary-general of the EEC Office, said the EEC is hoping to become the country’s vital investment destination during this period to draw investment at […]
Read MoreThe acceleration of vaccinations will help restore production and business activities, and expand green production zones and a green workforce for the economy. Reopening the economy “HCM City was in lockdown for more than 100 days, since May 31. But the city cannot continue the lockdown forever. People and businesses have become worn out, and […]
Read MoreMANILA, Philippines — The government on Tuesday reminded oil companies to ensure they have enough inventory amid the expected surge in global demand that could cripple supply and push up prices. In a statement, Energy Secretary Alfonso Cusi called on oil firms to ensure their compliance with the Minimum Inventory Requirements (MIR), which mandate companies […]
Read MoreThe baht opened at 33.79 to the US dollar on Tuesday, unchanged from the previous closing rate. The Thai currency is likely to move between 33.70 and 33.90 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that investors started to worry about inflation more due to the price increasing of crude […]
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