Oil is back from negative territory. As mass vaccinations roll out in the US and Europe, and with China’s economy surging ahead on an 18.3 percent growth during the first quarter of the year, crude oil prices are once again on the rise. Storage facilities are reporting new drawdowns in crude stocks and the more […]
Read MoreMANILA, Philippines — The Philippines raised around P122 billion in new debt on its second offshore fund raising activity this year meant to help foot the bill for its costly coronavirus programs. In a statement early Thursday, the Bureau of the Treasury said the €2.1 billion euro-denominated global bonds were sold in three tenors: €650 million each of 4-year and 12-year papers and €800 million of 20-year […]
Read MoreThe price of pepper, known as black gold, is increasing sharply. However, Vietnam’s pepper growers are not sure how long the price will be maintained. New road for VN pepper Unlike others, pepper farmer Nguyen Tan Cong from Dak Doa district in the Central Highlands province of Gia Lai was calm before the price fever. […]
Read MoreTen SET-listed commercial banks restrained their non-performing loan (NPL) ratio in the first quarter of 2021 as they set aside a relatively high provision for loan loss amid uncertainty brought about by the pandemic. Among the big players, Bangkok Bank (BBL) and Krungthai Bank (KTB) reported their NPL ratio marginally dropped to 3.7% and 3.66% […]
Read MoreKUALA LUMPUR: The ringgit opened marginally higher against the US dollar this morning but remained in a relatively tight trading range due to weak oil prices, which were offset by better risk sentiment and a slightly weaker US dollar. At 9am, the local unit stood at 4.1140/1180 versus the greenback from Wednesday’s close of 4.1190/1230. […]
Read MoreMANILA, Philippines — Commodity prices will remain on the uptrend as the global economy recovers from the pandemic, and the Philippines will have to strengthen its short-term resilience as such price increases are both a boon and a bane for the country. In its semi-annual Commodity Markets Outlook report, Washington-based World Bank said prices continue […]
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Thailand
