The baht opened at 33.32 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 33.30. The Thai currency is likely to move between 33.25 and 33.40 during the day, Krungthai Bank market strategist Poon Panichpibool said. The baht could be volatile as exporters continue to sell the dollar while investors short-sell the […]
Read MoreHanoi is considered a potential destination for microchip development as it is home to many research institutes and universities providing highly qualified and abundant human resources. Vietnam’s semiconductor sector, despite the impact of Covid-19, is forecast to lure foreign investment thanks to its potential growth in the next five years, overseas insiders have said. At […]
Read MoreMANILA, Philippines — Debt watcher S&P Global Ratings downgraded its growth outlook on the Philippines, as new lockdowns and the highly contagious Delta variant bring a new threat to the economy. In a statement Thursday morning, S&P said it now expects gross domestic product to grow 4.3% this year, softer than its previous projection of […]
Read MoreRenaissance Minerals Cambodia Limited has begun shipping gold ore from its industrial gold mine exploration in the Okvau region of Keo Seima district in Mondulkiri province abroad for additional refining. The shipment comes two months the first extraction was officially made. The firm dispatched 59 kg of semi-refined gold to Australia with a second shipment […]
Read MoreS&P Global Ratings has lowered its 2021 growth forecast for Thailand to 1.1 per cent from June’s forecast of 2.8 per cent, saying that emerging Southeast Asian economies are facing intense headwinds from persistent Covid-19 pandemic waves. he duration and severity of the pandemic has been more adverse than our previous baseline expectations,” S&P Global […]
Read MoreMANILA, Philippines — Local car and truck assemblers registered higher sales last month but expect a slowdown this month amid the stricter quarantine measures imposed due to the threat of the COVID Delta variant. Data released by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) yesterday showed […]
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