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Thailands Recovery to Gain Traction in 2022; Banks, Retail and Hospitality Still Challenged

Fitch Ratings-Bangkok-12 October 2021: Fitch Ratings expects Thailands economic recovery to gain traction in 2022, supported by a significant improvement in Covid-19 vaccination rates, business reopening and a still-supportive global growth environment. The return of tourism is likely to be gradual, and Fitch expects GDP to recover to pre-pandemic levels by early 2023. The ratings […]

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DOSM: Malaysia’s IPI slips 0.7pc, but manufacturing index rebounds in Aug 2021

KUALA LUMPUR, Oct 12 — Malaysia’s Industrial Production Index (IPI) shrank marginally by 0.7 per cent year-on-year (y-o-y) in August 2021 compared with the same period last year, mainly influenced by the decline in mining index (-4.2 per cent) and electricity index (-4.8 per cent), said the Department of Statistics Malaysia (DOSM). “However, the manufacturing […]

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Transportation and logistics of Container Cargo ship and Cargo plane. 3d rendering and illustration.
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Brunei ratifies economic partnership agreement

Brunei Darussalam ratified the Regional Comprehensive Economic Partnership (RCEP) agreement upon depositing its instrument of ratification with the Secretary-General of ASEAN yesterday. The Sultanate’s timely ratification of the RCEP agreement signals its strong commitment to support the region’s post-pandemic recovery efforts, strengthening its economic and trade linkages, creating new opportunities for businesses as well as […]

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