KUALA LUMPUR: The ringgit recovered from yesterday’s losses to open higher against the US dollar today on steady commodity prices, said an analyst. At 9 am, the local currency appreciated to 4.1840/1865 versus the greenback from Thursday’s close of 4.1865/1880. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid told Bernama that the elevated […]
Read MoreThe baht opened at 32.14 to the US dollar on Friday, strengthening from Thursday’s close of 32.18 to its highest level in seven months. The Thai currency is likely to move between 32.10 and 32.20 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht was supported by gold trading […]
Read MoreMANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) fell by 69 percent in January from a year ago amid challenges from the ongoing pandemic. “For the month of January 2022, the PEZA board approved nine new and expansion projects with P3.48 billion of investments,” PEZA said in a statement yesterday. In […]
Read MoreVietnam said US trade remedies must be fair and in accordance with the World Trade Organization (WHO) rules. Hanoi has said the antidumping duty of more than 400% on honey from Vietnam that the US announced would threaten the livelihoods of Vietnamese farmers. The anti-dumping rate once imposed would cause serious impacts on Vietnam’s beekeeping […]
Read MoreA three-baht reduction in the excise tax for diesel oil, which takes effect from midnight on Thursday, will cost the state 17 billion baht in lost revenue over the next three months, but will benefit the country’s economy in the long term, Excise Department director-general Lavaron Sangsnit said. He said on Thursday that the excise […]
Read MoreChina has suspended trade through the Kim Thanh Border Gate in Vietnam’s Lao Cai Province after discovering Covid-19 cases on its side, leaving 350 container trucks stranded. With Chinese authorities placing the Hekou Yao Autonomous County under lockdown, it is unclear when the trucks can cross the border. The Ministry of Industry and Trade has […]
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Thailand
