The Bank of Thailand (BoT) will prevent inflation from rising sharply, but at the same time ensure that any monetary policy adjustments are gradual, BoT governor Sethaput Suthiwartnarueput told a news conference on Friday. The central bank is expected to raise its key interest rate from a record low of 0.50% at its next meeting […]
Read MoreThe Vietnamese economy grew by 7.7 per cent in the second quarter, one of the fastest rates in a decade, and is expected to expand even faster this quarter, driven by an ongoing burst of consumption. “Vietnam’s stellar Q2 GDP growth has prompted us to lift our 2022 GDP growth forecast from 6.5 per cent […]
Read MoreJAKARTA: Indonesia is considering removing a domestic sales requirement for palm oil exports because high inventories of the vegetable oil have been holding back a recovery of palm oil fruit prices, Trade Minister Zulkifli Hasan said on Friday. Since ending a temporary ban on exports in late May, the world’s biggest palm oil producer has […]
Read MoreKasikornbank (KBank) forecasts the baht will weaken more than previously projected because of the US Federal Reserve’s hawkish rate hikes. KBank revised its baht projection to 35 against the US dollar at the end of this year from a previous forecast of 33.50 baht to the dollar. The adjustment is based on the Fed’s tightening […]
Read MoreWith such decreases, petrol prices have moved close to the February price range. The retail prices of petrol and diesel products in Vietnam continued the downtrend with decreases of VND1,100-2,380 per liter from 15.00 today [July 21], marking the third consecutive decline since the beginning of July. Under the latest adjustment from the inter-ministerial team […]
Read MoreThe baht opened at 36.78 to the US dollar on Friday, strengthening from Thursday’s close of 36.87. The currency is expected to move between 36.65 and 36.90 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht’s weakening may slow down as the dollar is weakening. Though the Thai currency could […]
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Thailand
