The baht opened at 33 to the US dollar on Monday, unchanged from Friday’s closing rate. The Thai currency is expected to move between 32.95 and 33.10 during the day and between 32.80 and 33.20 during the week, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht is likely to move according to […]
Read MoreBy Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s economic growth accelerated in the final quarter of last year as consumption perked up following the easing of anti-virus mobility restrictions and as stronger commodity prices pushed exports to record highs. Southeast Asia’s largest economy grew 5.02% on a yearly basis in the October-December quarter, compared […]
Read MoreMalaysia’s economy bounced back from a 4.5 percent third quarter contraction to rise 3 percent, year on year, in the last three months of 2021, according to Moody’s Analytics. Coronavirus restrictions hit household spending in the previous quarter as cases spiked. “The weakness in domestic demand more than offset the gains from a relatively strong […]
Read MoreVietnam’s recovery is set to gather momentum in 2022, as domestic demand rebounds and export performance remains strong, according to Fitch Ratings. In its recent report, Fitch said that improving levels of vaccination in the country should reduce the risk that the recovery is set back by further COVID-19 outbreaks. However, the evolution of the […]
Read MoreGDP accelerated in Q4 to pre-pandemic level, but COVID fear remains for 2022 JAKARTA — Indonesia’s economy returned to growth in 2021, rebounding from its first contraction in two decades the year before as coronavirus-induced restrictions eased and business got back into gear. The gross domestic product of Southeast Asia’s largest economy climbed 3.69% from […]
Read MoreKUALA LUMPUR: The ringgit opened lower against the US dollar on lack of demand due to falling crude oil prices, said an analyst. At 9.02 am, the local currency traded 4.1835/1875 versus the greenback from Friday’s close of 4.1805/1810. The analyst said investors are staying away from the local forex market ahead of Malaysia’s fourth […]
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