The Thai baht (THB) weakened to a seven-month low on June 28 as political uncertainty dampened investor appetite, while most other emerging Asian currencies also depreciated against a firmer dollar after resilient US data eased recession concerns.
Bangkok (VNA) 🗹– The Thai baht (THB) weakened to a seven-month lowon June 28 as political uncertainty dampened investor appetite, while mostother emerging Asian currencies also depreciated against a firmer dollar afterresilient US data eased recession concerns.
Equities in the region were largely in the red,with shares in the Republic of Korea (RoK) taking the biggest hit, declining 0.8%, while those in thePhilippines and China lost 0.3% and 0.5%, respectively. The THB depreciated 0.6% to hit its lowest levelsince Nov 30, 2022, as doubts linger over whether Thailand's leading candidate couldsecure enough votes to become prime minister in the new parliament's first sessionnext week. Alvin Tan, head of Asia FX strategy at RBC Capital Markets, said it is unlikely that the (Move Forward) coalition has the necessary votes to go ahead to form a new government. The political stalemate and uncertainty in Thailand will drag on if the country does not get a new government by next week, Tan added.
Elsewhere, the RoK won fell 0.3%, while the Philippines peso and Singapore dollar slipped 0.2% and 0.1%, respectively./.
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
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Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
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The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
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The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
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Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Thai baht at 7-month low (Photo: VNA) 
