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China's tourism sector hails sudden policy shift on zero-Covid, but lockdown scepticism remains

China's tourism sector hails sudden policy shift on zero-Covid, but lockdown scepticism remains

The night China announced it would ease some of its most controversial coronavirus controls, Shanghai resident Yu Yuan immediately booked a high-speed train ticket to Beijing for a New Year's trip.

15:47
Capital A to launch AirAsia Cambodia as it resumes growth

Capital A to launch AirAsia Cambodia as it resumes growth

PHNOM PENH: Capital A, the parent of Malaysian budget carrier AirAsia, plans to launch a new airline in Cambodia with a domestic partner as it resumes expansion plans put on hold during the pandemic, its chief executive said on Friday.

13:48

Tourism firms in final push

The festive season and a hard sales push in December are seen as the final efforts for local tourism operators to increase average occupancy to 50% this year.

04:33
Tourism firms in final push

EXCHANGE RATE

Currency/Baht
Buy (Baht)
Sell (Baht)
EUR
36.3728
37.0958
GBP
42.1861
43.0202
HKD
4.4217
4.5029
JPY
25.1919
25.8836
USD
34.5904
34.9137
CNY
4.9331
5.0686
Source: Bank of thailand (10 Dec 2022)

SET

SET
1,623.13
+2.64
SET50
979.01
+1.54
SET100
2,206.22
+3.17
sSET
1,054.92
-3.54
SETCLMV
990.90
+3.61
SETHD
1,169.80
+2.06
SETTHSI
1,036.28
+1.81
Source: settrade.com (10 Dec 2022)
LATEST
13:50

The $42 Billion Question: Why Aren't Americans Ditching Big Banks?

Americans are missing out on billions of dollars in interest by keeping their savings at the biggest U.S. banks.

13:50
The $42 Billion Question: Why Aren't Americans Ditching Big Banks?
05:45

Stock markets mixed on renewed US Fed rate fears

NEW YORK - Global stocks had a mixed showing Friday, with hotter-than-expected US wholesale prices renewing concerns that the Federal Reserve will push on with aggressive policies against inflation.

05:45 1
Stock markets mixed on renewed US Fed rate fears
04:00

Energy demand poised to grow 3.2%

Energy consumption is expected to grow by 3.2% next year, driven by economic growth estimated in a range of 3-4%, says the Energy Policy and Planning Office (Eppo).

04:00
Energy demand poised to grow 3.2%
04:00

Investor optimism returns amid tourism recovery

The Investor Confidence Index (ICI) returned to the bullish zone last month amid optimism over the recovery of tourism and the domestic economy, but uncertainties related to US interest rate policy and global Covid-19 infections are still weighing on the outlook.

04:00
Investor optimism returns amid tourism recovery
04:00

War rooms set up to stimulate exports

The Commerce Ministry has set up war rooms to spur exports, tackle obstacles to trade and curb the negative impact of a global economic slowdown in 2023.

04:00
War rooms set up to stimulate exports
04:00

Asian shares follow Wall Street upward

RECAP: Asian stocks climbed after Wall Street posted its first advance this month, with traders focused on upcoming US inflation figures for clues on the path of interest-rate increases.

04:00
Asian shares follow Wall Street upward
04:00

Narrow trading range seen as year winds down

The November trading range for the SET Index was between 1,610 and 1,640 points, in line with expectations. The peak for the month was 1,640.03 while the nadir was 1,610.75. The overall investment mood and tone were quite bearish due to a lack of catalysts for the market.

04:00
Narrow trading range seen as year winds down
04:00

Continued losses for regional airlines

The global aviation industry is expected to finally end years of losses with a net profit of US$4.7 billion in 2023, but Asia-Pacific airlines will have to wait a lot longer for their balance sheets to recover, according to the International Air Transport Association (IATA).

04:00
Continued losses for regional airlines
04:00

Grab focuses on long-term journey

Amid economic uncertainty and a spending slowdown, super-app Grab projects the industry is moving towards new business practices where price wars become less intense, focusing instead on building customer loyalty and broadening customer segments.

04:00
Grab focuses on long-term journey
9 Dec 2022

Pet food maker I-Tail dips on SET debut

Shares of I-Tail Corp Plc, the country’s biggest pet food maker, closed below their initial public offering (IPO) price on their first trading day on the Stock Exchange of Thailand after the second-biggest IPO of the year.

9 Dec 2022 1
Pet food maker I-Tail dips on SET debut

EXCHANGE RATE

Currency/Baht
Buy (Baht)
Sell (Baht)
EUR
36.3728
37.0958
GBP
42.1861
43.0202
HKD
4.4217
4.5029
JPY
25.1919
25.8836
USD
34.5904
34.9137
CNY
4.9331
5.0686
Source: Bank of thailand (10 Dec 2022)

SET

SET
1,623.13
+2.64
SET50
979.01
+1.54
SET100
2,206.22
+3.17
sSET
1,054.92
-3.54
SETCLMV
990.90
+3.61
SETHD
1,169.80
+2.06
SETTHSI
1,036.28
+1.81
Source: settrade.com (10 Dec 2022)