BENGALURU: The Thai baht jumped to a more than seven-year high and breached a major resistance level on Thursday, as investors bet the country’s inclusion on a U.S. currency watch list might weaken the central bank’s determination to slow the currency’s gains. The baht firmed 0.6% to 29.83 per U.S. dollar. Thai exporters last week […]
Read MoreExport revenue in 2020 is estimated to reach $267 billion while imports are to reach $260 billion, resulting in a trade surplus of some $7 billion, according to Deputy Minister of Industry and Trade Do Thang Hai. Amid the impact of COVID-19, exports still rose 1 percent and were a bright spot and key foundation […]
Read MoreSINGAPORE – Lower- and middle-income workers affected by the pandemic will get more help from the Ministry of Social and Family Development (MSF) under a new grant. Called the Covid-19 Recovery Grant (CRG), the scheme announced on Wednesday (Dec 16) is for those who continue to suffer significant job or income losses despite earlier measures […]
Read MoreWASHINGTON: Thailand is among several countries the US Treasury could label currency manipulators before President Donald Trump leaves office, analysts say, as the coronavirus pandemic skews trade flows and widens US deficits with trading partners. Currency experts say Vietnam, Taiwan and Switzerland also risk being found in violation of the three US criteria for currency […]
Read MoreCredit ratings agency Moody’s Investors Service has warned that Indonesia’s credit rating could be downgraded next year if there is a prolonged economic slowdown, a weakening policy framework or a deteriorating external position. “The trigger for a [potential] ratings downgrade is coming from long-term stagnation in growth that could last beyond 2020 and 2021,” said […]
Read MoreThe Hanoitimes – Given abundant liquidity and low demand for credit, banks are offering attractive loans during the year-end period. Many banks in Vietnam are offering loans with low interest rates in an attempt to meet their respective year-end credit goals amid a lack of demand for capital during the Covid-19 crisis. To aid enterprises resuming […]
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