MANILA, Philippines — The balance of payments (BOP) returned to a surplus in July, ending two straight months in deficit, as the national government borrowed more from abroad to augment its COVID-19 war chest. Data from the Bangko Sentral ng Pilipinas (BSP) showed the $642-million surplus last month was a reversal of the $312-million shortfall […]
Read MoreThe baht opened at 32.71 to the US dollar on Thursday, unchanged from Wednesday’s closing rate. The Thai currency is likely to move between 32.60 and 32.80 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon expected the baht to strengthen in the short term amid hopes of an economic recovery. The government […]
Read MoreThe cabinet on Tuesday approved the extension of the 7% value-added tax (VAT) rate for another two years to help reduce the financial burden of consumers, enhance business confidence and boost economic recovery. Rachada Dhanadirek, a deputy government spokeswoman, said the 7% VAT will be retained until Sept 30, 2023. The 7% tax rate, which […]
Read MoreWEALTH management experts often advise investors not to put any funds they might immediately need in the stock market. To maximise the benefit of traditionally high returns from owning stocks, and mitigate the inherently volatile nature of this asset class, investors should plan to have as long a holding period as possible. So, what is […]
Read MoreThe acceleration of the vaccine rollout should help Vietnam’s economy to return to its pre-pandemic growth level next year. The Vietnamese GDP growth is set to expand by 4.8% in 2021, and reach the pre-pandemic GDP growth rate of 6.5-7% from 2022 onward. World Bank’s (WB) Senior Economist Dorsati Madani revealed the figures at the […]
Read MoreBilateral trade between Cambodia and South Korea was worth $552.1 million in the first seven months of this year, growing by nearly 11 per cent on a yearly basis from $498.75 million, according to the Korea International Trade Association (Kita). In the January-July period, Cambodian exports to South Korea were valued at $188.2 million, inching […]
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