Business sentiment plunged to a 39-month low in April after the business sector became concerned about the severity of the new Covid-19 outbreak, lower purchasing power, rising unemployment and public debt. The University of the Thai Chamber of Commerce (UTCC) revealed the TCC Confidence Index on Tuesday, which gauges the sentiment of Thai Chamber members […]
Read MorePhilippine stuck in recession MANILA, Philippines — The country’s road to recovery hit another snag as the Philippines remained in recession in the first quarter, with gross domestic product (GDP) contracting by a weaker-than-expected 4.2 percent amid a resurgence of COVID-19 cases and slow vaccine rollout that kept a tight rein on business sentiment. The […]
Read MorePayment systems in Cambodia have seen remarkable strides in line with the evolution of financial technology (fintech) and significantly contribute to the development of the national economy, as digital transactions witness a Covid-19 boom, the National Bank of Cambodia (NBC) said in the 2020 annual report on the payment system. The central bank reported on […]
Read MoreHigh net worth individuals are predicted to be the most likely group to take Covid-19 vaccination tours overseas, spending a fortune in the hope of choosing their own vaccines and heading abroad, instead of waiting for local vaccinations. As the vaccination programme in Thailand trudges along, lagging Western countries and regional peers, outbound tour operators […]
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