SINGAPORE (BLOOMBERG) – Malaysia’s ringgit is headed towards a test of support at its 2017 low as oil prices slide, opening the door to the currency tumbling to levels last seen during the Asian financial crisis. The ringgit has been in steady decline since the first quarter – even as prices for the country’s commodity […]
Read MoreWhile the Thai economy had been pressured by global geopolitical tensions leading up to the National Economic and Social Development Council’s decision last week to revise down the upper range of its growth forecast to 3.2% from 3.5%, the business sector also has to keep a close eye on the stormy domestic political climate as it could […]
Read MoreJakarta (ANTARA) – Minister of Cooperatives and SMEs Teten Masduki has asked noodle and meatball soup vendors to join online business given that Indonesia is expected to become the largest digital economy with potential reaching Rp4,500 trillion, in Southeast Asia by 2030. “Hence, Mr. President Joko Widodo (Jokowi) understands very well that our huge digital […]
Read MoreTHE retail sector, with sales growth expected at 13.1% this year after falling 2.3% in 2021, is expected to stay buoyant for the time being, amidst risks of high inflation, interest rate hikes and possible global recession. With Malaysia’s broad subsidisation policy keeping inflation down, retail sales are surging partly on a low-base effect as […]
Read MoreThe provision of digital personal loans has been expanding in response to the financial behaviours of consumers in the digital era, creating opportunities for low-income earners to access financial sources. The Bank of Thailand has granted digital personal loan licences to nine service providers, including banks and non-banks. Of the total, five have already been operating […]
Read MoreThe baht opened at 35.80 to the US dollar on Monday, weakening from Friday’s close of 35.74. The Thai currency will likely move between 35.70 and 35.90 against the greenback during the day and between 35.30 and 36 during the week, Krungthai market strategist Poon Panichpibool predicted. He said the baht is likely to fluctuate […]
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Thailand
