The baht opened at 36.07 to the US dollar on Thursday, strengthening from Wednesday’s close of 36.13. The currency is expected to move between 35.85 and 36.15 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht could swing sideways until the results of a key US Federal Reserve meeting at […]
Read MoreDomino’s Pizza Enterprises (ASX: DMP) has matched its largest ever store expansion with plans to bed down the biggest acquisition in the company’s history by snapping up the existing Domino’s Pizza businesses in Cambodia, Malaysia and Singapore for $214 million. The acquisition, which could be worth as much as $356 million if earn-out bonuses are […]
Read MoreThe Commerce Ministry has bowed to requests from the manufacturers of instant noodles, allowing Mama, Wai Wai and Yum Yum brands to raise their prices by one baht per packet in line with soaring production costs, effective from today. Internal Trade Department director-general Wattanasak Sur-iam said the approval came after the department thoroughly studied the production […]
Read MoreThe Bank of Thailand (BoT) will raise interest rates gradually to ensure a smooth take-off as it fights inflation, its governor said on Wednesday. Keeping inflation under control is key but there is no need for aggressive, heroically large rate hikes, BoT governor Sethaput Suthiwartnarueput told a Thailand Focus 2022 business forum. Earlier this month, the […]
Read MoreTwo delectable dishes from Laos have made CNN’s list of the 50 best street foods in Asia. Ping Khao (or Khao jee) and Naem Khao, two street food dishes, have been selected by Cable News Network Travel as among 50 of the best street foods in Asia. Khao Jee is grilled sticky rice on a stick, with the […]
Read MoreMyanmar merchants who trade goods across the border with China say their country’s kyat has depreciated so much relative to the Chinese yuan that they are no longer able to stay in business. The traders typically export agricultural and fisheries products to China and import Chinese consumer and industrial goods and food products to Myanmar. […]
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