SINGAPORE – Nearly 70 per cent of Singaporeans are concerned about higher household expenses, according to a recent study by UOB. This is an increase of 11 percentage points from last year, owing to rising inflation and an uncertain economic climate. About 70 per cent of Singaporeans also think there is a likelihood of the […]
Read MoreMANILA, Philippines — Filipinos planning to travel for the holiday season can expect air fares to go down next month, as airlines vow to reduce ticket prices with a lower fuel surcharge in place. Local carriers Philippine Airlines (PAL), Cebu Pacific and AirAsia Philippines yesterday said they would comply with the directive of the Civil […]
Read MoreFitch Ratings expects higher earnings in the Thai banking sector, in line with the country’s economic recovery, with loan-loss reserves in the industry having peaked. Earnings in the Thai banking sector are forecast to continue to improve, driven by the economic recovery and reduced, though still elevated, provisioning, Fitch Ratings’ senior director and head of South […]
Read MoreBanten, Indonesia – A Cambodian business delegation from different industries yesterday started their first trade mission in Indonesia under the aegis of Cambodia’s Ministry of Commerce (MoC) and the Embassy of the Republic of Indonesia in Phnom Penh. This is the first trade mission in two years since the Covid-19 pandemic hit the global economy. The […]
Read MoreThe State Bank of Vietnam decided to widen the USD/VND spot exchange rate band from +/-3 percent to +/-5 percent effective from October 17 continued to put pressure on the Vietnam dong to depreciate and the US dollar to appreciate. The State Bank of Vietnam (SBV) officially decided to widen the USD/VND spot exchange rate […]
Read MoreMANILA, Philippines — The Philippines sank deeper into a dollar deficit in September as foreign currency fluctuations sent the national government’s debt payments into steep territory. What’s new The country’s balance of payments (BOP) amounted to a deficit of $2.3 billion in September, wider compared with the $412 million deficit a year ago, the Bangko […]
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Thailand
