Although inflation is trending downwards, many people feel their personal situation has not improved at all due to the mismatch between their income and spending. Many Vientiane residents say their income has not increased but prices are continuing to rise, ramping up pressure on their families and making it difficult for them to improve their […]
Read MoreMANILA, Philippines — Dutch financial giant ING Bank said the Philippines is in for a strong bounceback with a double-digit growth in the second quarter, ending five quarters of contraction brought about by the pandemic-induced recession. In a virtual briefing, ING senior economist Nicholas Mapa said the country’s gross domestic product or GDP is seen […]
Read MoreCharoen Pokphand Group, the country’s biggest agribusiness conglomerate, has dropped the Tesco brand in Thailand after the completion of a US$10.6 billion-baht purchase deal. The change in brand marks the end of a 23-year presence of the British hypermarket chain in Thailand where it became a household brand with over 2,000 locations across the country. […]
Read MoreDECIDING on the timing of the Goods and Services Tax (GST) could prove to be a delicate challenge for the Singapore government, which is sandwiched between not just fiscal and political pressure but now recessionary pressure as well. Tax analysts that The Business Times spoke with appear divided on where the sweet spot lies, with […]
Read MoreThe Hanoitimes – Experts have said that Vietnam should further focus on administrative reform and improve the existing legislation framework to boost economic growth this year. Many experts have expressed their confidence that Vietnam would be able to realize or even surpass the growth target of 6-6.5% in 2021. Vice Chairman of the European Chamber of […]
Read MoreMALAYSIA’S private investment growth rate and share of gross domestic product (GDP) has been decelerating in recent years. Weighed down by external and domestic factors, private investment’s momentum had moderated from 12.1% per annum in 2011-2015 to 4.8% pa in 2016-2019. Amongst these include the uneven state of global economic conditions post 2008-09 Global Financial […]
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Thailand
