Tue, 15 Jun 2021

SEOUL -- South Korea's foreign currency deposit hit a record high last month amid strong demand from both companies and individuals, central bank data showed Monday.

Deposit, denominated in foreign currencies, amounted to 94.83 billion U.S. dollars at the end of April, up 2.13 billion dollars from a month earlier, according to the Bank of Korea (BOK).

It surpassed the previous high of 94.2 billion dollars tallied in December last year. It was attributed to solid demand from both companies and individuals. (South Korea-Foreign Currency Deposit)

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BANGKOK -- Thailand's economic growth contracted 2.6 percent from a year earlier in the first quarter of 2021 as continued coronavirus outbreaks dent consumption and tourism sector, official data showed Monday.

However, the contraction improved from a decline of 4.2 percent in the fourth quarter of 2020, according to data from the Office of the National Economic and Social Development Council. (Thailand-GDP Growth)

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SINGAPORE -- Singapore's non-oil domestic exports (NODX) grew by six percent year on year this April, compared to the 11.9 percent rise in March, according to government agency Enterprise Singapore on Monday.

The growth was mainly due to exports of non-electronics, especially specialized machinery, petrochemicals and primary chemicals, which grew by 54.3 percent, 63.3 percent and 104.6 percent year on year respectively. (Singapore-Non-oil Domestic Exports)

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