The Bank of Thailand is finding it tough to stop the baht from surging. The currency advanced as much as 0.3% on Friday to 30.187 per dollar, the strongest level since May 2013. That takes its gain to 7.8% this year, more than any of its emerging-market peers except Russia’s ruble. The gains have defied […]
Read MoreThe Asian Development Bank (ADB) on Friday endorsed a new five-year country partnership strategy (CPS), laying out its support for Cambodia’s goal of becoming an upper-middle-income country by 2030. Under the 2019–2023 strategy, ADB will provide $1.45 billion in loans, grants, and technical assistance for agriculture and natural resources management, improving urban and rural living […]
Read MoreThe Hanoitimes – Experts have called for loosened legislation to facilitate foreign ownership of property in the country. Though being keen to buy property in Vietnam, many foreigners are finding it hard to overcome cumbersome legal procedures to own the asset in the country. According to Stephen Wyatt, country head of real estate services firm JLL […]
Read MoreMANILA, Philippines — Economists of private banks lowered anew their inflation forecasts for this year and next year due to stable global oil prices and lower electricity rates, base effects, easing domestic rice and other food prices, as well as weaker global economic prospects. The latest survey of private economists conducted by the Bangko Sentral […]
Read MoreTOKYO: Japan Airlines Co. said it’s not planning to take a stake in Malaysia Airlines Bhd., pushing back against a report that it put in a bid for a strategic holding in the carrier. The Japanese company is waiting for approval to begin a tie-up with Malaysia Airlines rather than taking a stake in the […]
Read MoreThe strong baht is expected to whittle down the revenue of Thai rice exports in baht terms by 30-40 billion baht, lowering shipments to 8-8.1 million tonnes this year. Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, said rice export prospects remain dim, with the baht making local grains more expensive than those […]
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Thailand
