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Thailand: Cross-border trade rises 29% in May

Cross-border trade rose more than 29 per cent in May, increasing for the fifth consecutive month, the Commerce Ministry reported on Tuesday. Total trade of 677.078 billion baht represented a rise of 29.15 per cent, with exports up 33.6 per cent to 408.3 billion baht and imports up 22.93 per cent to 268.777 million baht. […]

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Philippines: PEZA targets 7% hike in investments

MANILA, Philippines — The Philippine Economic Zone Authority (PEZA) is targeting a seven percent uptick in approved investments in economic zones this year as it expects a new law that introduces changes to the incentives system would make the country more attractive to investors. In a press conference yesterday, PEZA deputy director general Tereso Panga […]

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Thailand: Baht feels the heat from Covid-19 situation

The baht opened at 32.11 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 32.02. The Thai currency is likely to move between 32.05 and 32.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. The most important factor influencing the direction of the baht is the Covid-19 situation in Thailand […]

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