KUALA LUMPUR, Oct 4 — The ringgit ended higher against the US dollar today, supported by improved sentiment towards the local currency and a correction in the greenback, an analyst said. At 6pm, the local note climbed to 4.1730/1760 versus the greenback from last Friday’s closing of 4.1770/1810. According to Bank Islam chief economist Mohd […]
Read MoreTHE worst is over for Vietnam, with domestic reopening on the cards as vaccinations rise and infection rates decline, said DBS economist Chua Han Teng in a report on Monday. Meanwhile, foreign domestic investment (FDI) will remain a key growth engine, while manufacturing activity and exports will likely resume expansion, he said. Vietnam’s economy shrank […]
Read MoreThe national government’s gross borrowings fell to P111 billion in August, bringing the year-to-date total to P2.38 trillion, data from the Bureau of Treasury (BTr) showed. The actual gross financing in the eighth month of 2021 was P111.70 billion, down from P612.91 billion a year before by 81.77 percent. Domestic borrowings plunged by 82.72 percent to P100.96 […]
Read MoreThe Vietnam Manufacturing Purchasing Managers’ Index (PMI) remained at 40.2 in September. The Viet Nam Manufacturing Purchasing Managers’ Index (PMI) remained at 40.2 in September, signalling a further marked deterioration in business conditions across the sector due to the severe impacts of the COVID-19 pandemic, according to IHS Markit. In a report released last week, […]
Read MoreThe new excise tax structure for cigarettes is expected to result in a higher retail price for low-priced products of at least 6 baht per pack, says the Excise Department’s director-general Lavaron Sangsnit. The new two-tier tax structure, which was approved by the cabinet on Tuesday this week, took effect on Oct 1. The structure […]
Read MoreThe Tourism and Sports Ministry is poised to start collecting a 500-baht tourism fee for a “tourism transformation fund” next year, with the budget following a co-payment model. The Centre for Economic Situation Administration last week approved the creation of the fund, which is expected to subsidise projects that transform the industry, focusing on high-value […]
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Thailand
