The baht opened at 32.88 to the US dollar on Wednesday, strengthening from Tuesday’s closing rate of 32.92, the strongest in almost a month. The Thai currency is likely to move between 32.80 and 33.00 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon explained that investors had changed their views on the […]
Read MoreFour Japanese investors will spend a total of 10 billion baht within the fourth quarter to develop warehouse and logistics facilities in response to the boom in e-commerce, online shopping and the export sector amid the Covid crisis. Phattarachai Taweewong, associate director of the research and communications department at property consultant Colliers Thailand, said several […]
Read MoreThe urgent need to enhance competitiveness in global value chains means minimising reliance on imports, according to industry insiders. Viet Nam’s supporting industries remain dependent on imported part supplies, which was evident when the COVID-19 pandemic caused disruptions to local production due to a shortage of imported raw materials. Truong Thi Chi Binh, vice president […]
Read MoreMANILA, Philippines — Issuers are expecting new credit card acquisitions starting the second half as the country gradually recovers from the impact of the pandemic. Alex Ilagan, executive director at the Credit Card Association of the Philippines (CCAP), told The STAR the total number of credit cards in force is still lower in the second […]
Read More7-Eleven has delayed opening its first convenience store in Cambodia until the end of this year from a previously reported target in June. Kriengchai Boonpoapichart, chief financial officer at CP All Public Co Ltd, which asssigned the master franchise for the Kingdom to CP ALL (Cambodia) last year, said that opening in Phnom Penh is […]
Read MoreJAKARTA : Indonesia’s central bank will purchase government bonds worth up to 439 trillion rupiah (US$30.46 billion) in 2021 and 2022 to provide cheaper financing for the government’s COVID-19 relief measures, senior officials said. The fiscal deficit financing scheme is similar to an agreement Bank Indonesia (BI) had with the finance ministry last year to […]
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