The baht opened at 36.12 to the US dollar on Tuesday, weakening from Monday’s close of 36.08. The currency is expected to move between 36 and 36.20 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the market is being cautious and may pressure the baht to weaken, especially if foreign investors […]
Read MoreThailand’s exports are expected to grow at least 6% this year after a strong first half, helped by higher food exports and a weak baht, the head of a shippers’ group said on Monday. If annual shipments increase just 5% in the second half of the year, shipments will rise 8.7% for the whole year, […]
Read MoreMANILA, Philippines — Philippine factory output posted its weakest expansion in 11 months in July, indicating a loss in growth momentum as boiling inflation hit demand for locally-produced goods. A survey of around 400 manufacturers in the country found that the Philippines’ Purchasing Managers’ Index (PMI), a gauge of manufacturing output, fell to 50.8 in July […]
Read MoreAlthough fuel prices have dropped by around 20 per cent since June, many transport firms are still sitting tight, unwilling to cut fares amid falling costs. HANOI — Although fuel prices have dropped by around 20 per cent since June, many transport firms are still sitting tight, unwilling to cut fares amid falling costs. Nguyen […]
Read MoreKUALA LUMPUR: Malaysia’s manufacturing purchasing managers index (PMI) rose to 50.6 in July from 50.4 in June, buoyed by a renewed rise in production levels, according to S&P Global. S&P Global noted that though only slight, the expansion was the first since December 2021. It also said companies reported that increased new orders helped boost […]
Read MorePrime Minister Prayut Chan-o-cha has ordered the Energy Regulatory Commission to postpone its planned increase in the cost of electricity next month, according to an informed source. The ERC had intended to announce on Monday a new power tariff that would be the highest ever, to be effective from September to December. The ERC had […]
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