The Thai baht slid to its lowest in more than a year on Wednesday after the country's central bank promised to keep monetary policy loose and slashed its 2021 economic growth forecast, citing a hit to its tourism sector. The Bank of Thailand held interest rates steady at 0.5% and lowered growth forecasts for this year to 1.8%, versus the previous 3%, as Southeast Asia's second-largest economy reels from coronavirus-linked restrictions that have ravaged tourism. "The poor prospects for the economy mean that monetary policy will need to remain loose for a long time to come... the tourism sector remains on its knees," Gareth Leather, senior Asia economist at Capital Economics told clients.
PARIS, Jun 21, 2021--Regulatory News: Getlink (Paris:GET), a leader in low-carbon transport, has set out its new 2025 action plan to meet environmental challenges. A 30% reduction in direct CO21 emissions by 2025, an environmental strategy in line with the Paris Agreement 2°C trajectory, a commitment to protecting the natural environment, controlling waste and the circular economy through the Group’s ecosystem: Getlink takes on the responsibility and ambition to accelerate sustainable transport
The Philippine peso and the Thai baht offer a tale of contrasting fortunes, with one faring better than the other against a strong dollar.