The baht opened at 35.94 to the US dollar on Wednesday, the highest in five years, weakening from Tuesday’s close of 35.80. The currency is expected to move between 35.85 and 36.05 during the day, predicted Krungthai Bank market strategist Poon Panichpibool. He said the baht weakened quickly, closing in on the 36 level mainly […]
Read MoreWith the average income per capita of VND4.25 million a month in 2020, Vietnamese people would have to save money for 12 years to buy a car worth VND600 million (US$30,000). According to Vietnam Register (VR), 4.512 million cars were in circulation in Vietnam as of November 2021, or 46 cars for every 1,000 people. […]
Read MoreMANILA, Philippines — A regional surveillance organization downplayed the impact of the Bangko Sentral ng Pilipinas’ rate hikes on economic recovery, arguing that there are signs that the economy could sustain its growth path. At a press conference on Tuesday, experts at ASEAN+3 Macroeconomic Research Office (AMRO) hiked their growth forecast for the domestic economy to 6.9% […]
Read MoreSINGAPORE retail sales grew by 17.8 per cent year on year in May, picking up from the 12.1 per cent rise in the month before, against a year-ago low base when borders were shut. On a monthly, seasonally adjusted basis, retail sales were up by 1.8 per cent to S$3.9 billion, with online transactions making […]
Read MoreKUALA LUMPUR: Malaysia continues to be the most preferred market for retail investors to invest in this year, according to the 2022 CGS-CIMB retail investors’ sentiment survey. The survey, which was conducted from June 13-22 and included some 1,068 Malaysian participants, revealed that 63% of the retail investors picked Malaysia as their most preferred market […]
Read MoreThailand’s headline inflation outstripped forecasts to hit a near 14-year high in June, reinforcing expectations of an interest rate hike as early as next month, and with the commerce ministry warning price pressures will extend into the third quarter. The headline consumer price index (CPI) rose 7.66% from a year ago, driven up by higher […]
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