THE Philippine economy likely increased by 5.8 percent in the fourth quarter of 2021, bringing full-year growth to 5.1 percent, Security Bank Corp.‘s chief economist said. Robert Dan Roces‘ full-year 2021 growth forecast is a reversal of the 9.6 percent contraction in 2020, but still falls short of the government’s 5- to 5.5-percent target. Domestic activity, […]
Read MoreThe Office of the Insurance Commission (OIC) unanimously ruled against revoking an order that bans insurance companies from cancelling Covid-19 lump sum payments, saying it would be unfair to the policyholders. The decision to retain registrar order No. 38/2564 comes after overwhelming opposition from a consumer network forum. The Thai General Insurance Association recently appealed […]
Read MoreThe baht hit its lowest point in two months, opening on Thursday at 32.90 to the US dollar, down from Wednesday’s closing of 33.04. The currency is likely to move between 32.85 and 33.05 to the greenback during the day and even swing sideways unless it is influenced by a new factor, Krungthai Bank market […]
Read MoreThe Test & Go programme will be reintroduced soon while entry rules under the scheme will be tweaked to allow close monitoring of overseas arrivals’ health, said Gen Supoj Malaniyom, head of operations at the Centre for Covid-19 Situation Administration (CCSA). Gen Supoj, also secretary-general of the National Security Council, added that Test & Go […]
Read MoreKUALA LUMPUR: The ringgit rebounded to open higher versus the US dollar today, as the greenback retreated amid risk-on mode in the equity market, an analyst said. At 9.05 am, the local currency was trading at 4.1855/1880 against the US dollar compared with 4.1925/1950 at Wednesday’s close. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam […]
Read MoreVietnam is currently the world’s second largest rice exporter, shipping more than six million tons/year. Hanh Phuc Rice Mill with a capacity of 1,000 tons of rice/day was inaugurated in the Mekong Delta province of An Giang, Vietnam with the attendance of President Nguyen Xuan Phuc, becoming the largest facility of its kind in Asia. […]
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Thailand
