Thailand’s economy remains strong, despite weaker shipments, though the weaker baht currency will be supportive of exports this year, Finance Minister Arkhom Termpittayapaisith said on Friday. The weaker baht compared with last year could for the full year 2023 help exports to either grow, or fall only slightly, Mr Arkhom told reporters. “The exchange rate is […]
Read MoreMANILA, Philippines — Remittances from overseas Filipino workers (OFWs) increased by 3.2 percent in the first four months of the year after climbing by a faster rate of 3.8 percent in April, according to the Bangko Sentral ng Pilipinas (BSP). Latest data from the central bank showed personal remittances amounted to $11.68 billion from January […]
Read MoreThe riel has seen a steady increase in demand over the past two decades, growing at an average rate of 16.6 per year, even though the economy remains heavily dollarised, a senior official at National Bank of Cambodia said yesterday. Peace, political and economic stability have boosted confidence in the local currency, said Chea Serey, […]
Read MoreThe Government has asked the State Bank of Việt Nam to reduce regulatory interest rate and complete the allocation of credit limit within this month with the focus on removing the difficulties in accessing credits for enterprises. HÀ NỘI – The Government has asked the State Bank of Việt Nam to reduce regulatory interest rates […]
Read MoreSINGAPORE’S non-oil domestic exports (NODX) were down a surprising 14.7 per cent in May, a steeper slide than April’s 9.8 per cent contraction, data from Enterprise Singapore (EnterpriseSG) showed on Friday (Jun 16). Shrinking for the eighth consecutive month, the month’s fall in key exports far surpassed the median 7.7 per cent drop forecast by economists […]
Read MoreMANILA, Philippines — Money sent home by overseas Filipinos to their families rose in April, despite recession concerns plaguing developed economies. Data released by the Bangko Sentral ng Pilipinas on Thursday showed that remittances coursed through banks grew 3.7% year-on-year to $2.48 billion in April. Remittances expanded 3.2% on-year to $10.49 billion in the first […]
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Thailand
