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NEWS UPDATES Asean Affairs   June  15, 2018  



PHL financial markets close for Eid'l Fitr

 Philippine financial markets are closed on Friday, June 15, in observance of Eid'l Fitr, marking the end of Ramadan.

There is no trading on the Philippine Stock Exchange (PSE). Foreign exchange spot transactions at the Bankers Association of the Philippines are also closed.

The PSEi closed at 7,529.54, down 73.44 points or 0.97 percent on Thursday, as foreign funds continued selling their positions after the Federal Reserve decided to hike interest rates and the peso depreciated to P53:$1-level.

Meanwhile, the Philippine peso depreciated to a fresh near 12-year low at P53.27 from P53.23:$1 on Wednesday, pressured by Fed’s latest rate hike and its steeper rate hike path coupled with risk-off sentiment in certain emerging markets.

Malaca?ang earlier declared June 15 a regular holiday nationwide in observance of Eid'l Fitr.

Financial markets will resume on Monday, June 18.


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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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