Showing 1 - 10 of 1,145
US weighs upgrade for Vietnam to 'market economy' status
Published on 08/05/2024
» WASHINGTON: US President Joe Biden's bid to draw Vietnam closer as a strategic ally will clash head-on with his desire for union workers' votes on Wednesday as the Commerce Department hears testimony on whether to designate Vietnam as a "market economy".
Baht dips on US inflation figures
Business, Published on 15/02/2024
» The baht, which slipped below 36 to the US dollar on Wednesday, is likely to depreciate further as US inflation was higher than forecast, prompting the market to believe the Federal Reserve might delay its first interest rate cut beyond May, as expected earlier.
Baht to strengthen against US dollar
Business, Nareerat Wiriyapong, Published on 04/01/2024
» The baht could strengthen to 33 to the US dollar in the near term as the market is convinced the US Federal Reserve will start cutting interest rates by as early as March, bringing back fund inflows to the Thai currency.
Gold traders eye $2,500 this year amid frenzied buying
Business, Nareerat Wiriyapong, Published on 07/05/2024
» Local gold traders say global prices remain on course to reach US$2,500 per ounce in the second half of 2024, after slipping below $2,300 recently, although the market lowered expectations for US interest rate cuts to a maximum of two times this year, down from 3-4 earlier.
Malaysia's Johor eyes Shenzhen-style hub with Singapore
Published on 13/05/2024
» Malaysia’s Johor state is proposing its economic and petrochemical hubs as the sites for a special zone with neighbour Singapore, as it aims to become the “Shenzhen of Southeast Asia,” according to a report in the Star.
Indonesia sees more capital inflows after rate hike
Reuters, Published on 08/05/2024
» JAKARTA: Indonesian central bank governor Perry Warjiyo said on Wednesday more capital inflows had been seen since Bank Indonesia hiked interest rates last month in an effort to stabilise the rupiah, and he expected the trend would continue.
Top business lobby joins rate cut call, trims GDP forecast
Published on 08/05/2024
» The country's biggest business lobby has urged the Bank of Thailand to cut interest rates and work with the government on ways to revive business and consumption activity, after slashing its own estimate for economic growth.
Indorama allots $1.89bn capex for 3 years
Business, Nareerat Wiriyapong, Published on 19/04/2024
» Indorama Ventures (IVL), one of the world's largest petrochemical producers, plans to invest US$1.89 billion (68 billion baht) over three years, noting a gradual recovery of the global petrochemical industry and asset optimisation should enable the company to return to its previous earnings peak by 2026.
Hong Kong's tourism industry still struggling to recover
Published on 07/05/2024
» HONG KONG: Hong Kong's tourism industry is still struggling to recover as the number of trips to the city over the Labour Day "golden week" holiday hit just two-thirds of pre-pandemic levels, the South China Morning Post can reveal.
China's flagship airline boosts home-grown jet, challenging Boeing
South China Morning Post, Published on 30/04/2024
» HONG KONG: Air China's eye-catching agreement to buy 100 domestically made C919 jets is expected to turn heads overseas and further elevate interest in the relatively new planes as the reputation of rival Boeing has been grounded by safety concerns.