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Cost of Living Rises as Lao Currency Depreciates

A weakened local currency (LAK) has caused the cost of living to rise in Laos, as well as affecting businesses amid the Covid-19 pandemic. According to a report by Lao Post, the current financial climate has weakened the Lao Kip against both the US dollar and the Thai baht, the two major currencies traded in the Lao […]

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Made-in-Thailand can earn B1.77tn

The government believes its new Made-in-Thailand campaign, which promotes the use of locally made products in state projects, can create domestic economic value of 1.77 trillion baht. The scheme is meant to help local businesses, including small and medium-sized enterprises (SMEs), through state procurement projects. Factory operators and workers should also benefit from the scheme, said […]

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Malaysia: Auto sector back in high gear

PETALING JAYA: Total vehicle sales rose 4% year-on-year to 42,784 units in February, spurred by increased traffic volumes to showrooms during the month following the lifting of the movement control order (MCO) in certain states. The Malaysian Automotive Association (MAA) said in a statement that sales volume in February was 30% higher month-on-month compared with […]

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2021 to see Brunei GDP growth between 0.8-1.6 pc

The Department of Economic Planning and Statistics (DEPS), Ministry of Finance and Economy (MoFE) projected Brunei Darussalam’s gross domestic product (GDP) growth this year to be between 0.8 and 1.6 per cent, with the oil and gas sector expected to grow at a rate of 0.5 per cent, and the non-oil and gas sector to […]

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Vietnam ranks among top 10 aviation markets worldwide

After serving over one million passengers last week the nation is now among the world’s top ten aviation markets, according to the latest statistics released by OAG, a global travel data provider based in the UK. The Vietnamese aviation market recorded growth of 117,000 passengers over the latest week, reaching a total of 1,072,977 passengers […]

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