SINGAPORE, April 28 — Even though Singapore’s economic growth this year is expected to exceed the official four to six per cent forecast, the outlook for sectors worst-hit by the Covid-19 pandemic has deteriorated. The worsening prognosis for these sectors, which include aviation and tourism, comes amid a global surge in Covid-19 cases and the […]
Read MoreThe price of gold in Thailand dropped by THB100 per baht weight in morning trade on Wednesday as investors delayed trading to follow the outcome of a key Federal Reserve meeting and the US first-quarter gross domestic product. AGold Traders Association report at 9.22am showed the buying price of a gold bar was THB26,250 per […]
Read MoreThe baht opened at 31.36 to the US dollar on Wednesday, strengthening from its close of 31.43 on Tuesday. The Thai currency is likely to move between 31.30 and 31.45 during the day, Krungthai Bank market strategist Poon Panichpibool said. He predicted that the baht would fluctuate on Wednesday over concern of the Covid-19 situation […]
Read MoreAverage household debt for Thai workers recorded a historic surge of almost 30% to around 205,000 baht in 2021 when compared with 2019, driven by the pandemic, says the University of the Thai Chamber of Commerce (UTCC). The survey by the UTCC’s Center for Economic and Business Forecasting gauged 1,256 respondents across the country from […]
Read MoreAs high unemployment seen to linger MANILA, Philippines — The Asian Development Bank (ADB) has joined other international agencies and local think tanks that cut growth projections for the Philippine economy this year. In a virtual briefing yesterday, ADB country director Kelly Bird said the Manila-based multilateral lender has substantially slashed its gross domestic product […]
Read MoreThe Ministry of Tourism will work with the Ministry of Health to evaluate the feasibility of international tourists from low-risk countries and territories who have been fully vaccinated against the novel coronavirus to enter the Kingdom with little or no quarantine stay. The tourism ministry expects this to begin in the fourth quarter, in a […]
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