Exports showed signs of recovery, with July figures registering a smaller drop of 11.4% year-on-year after a 23.2% fall in June, which was the weakest pace since July 2009. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, said the strong expansion came from food products (cassava products; palm oil; […]
Read MoreWarns of more defaults MANILA, Philippines — A proposal to impose a cap on finance charges, if applied to all types of interest rates, may kill the credit card industry at a time when the default rate is expected to double due to the impact of the pandemic, according to the Credit Card Association of […]
Read MoreSINGAPORE, Aug 24 — Get ready, Apple fans. The tech giant’s third store in Singapore is set to open soon. The new outlet, located at Marina Bay Sands, will be the first Apple store in the world that sits on water. It will be housed in a sphere floating on Marina Bay, taking over the […]
Read MoreKUALA LUMPUR, Aug 24 — Malaysia’s Parliament today approved the government’s plan to raise its debt ceiling for the first time in more than a decade, as South-east Asia’s third-largest economy grapples with the economic fallout from the coronavirus pandemic. Parliament voted to allow the government to borrow up to 60 per cent of gross […]
Read MoreThe two-way trade between Cambodia and Thailand was valued at $4,555 million in the first seven months of this year, a 10.8 percent decrease compared to the same period last year. From January to July, Cambodia exported $839 million worth of products to Thailand, a year-on-year decline of 21.13 percent, according to figures from Thailand’s […]
Read MoreMANILA, Philippines — Rates for short-term government securities inched up yesterday following the Bangko Sentral ng Pilipinas’ decision to keep interest rates unchanged, according to the Bureau of the Treasury. During yesterday’s auction, the 91-day Treasury bills (T-bills) fetched an average rate of 1.131 percent, 1.3 basis points up from the 1.118 percent recorded last […]
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Thailand
