Thailand’s second-quarter GDP growth expanded 0.9% quarter-on-quarter, and at a better-than-expected 7.5% year-on-year, versus a consensus forecast of 6.4% and JPMorgan’s estimate of 6.8%. Nonetheless, as a country highly reliant on tourism and with the continued limits on cross-border travel, we expect a full recovery in Thailand back to pre-Covid-19 levels to only be achieved […]
Read MoreVietnam’s tax agencies and banking groups are taking more drastic concerted efforts to buttress the domestic economy and foster resilience against the current wave of COVID-19 infections. A handful of tax relief measures to help businesses ride out the bump, including corporate income tax (CIT) reduction, is expected to be approved by the government soon. […]
Read MoreAs a member of the world’s largest trade deal, Cambodia’s post-pandemic economic reality is likely to be forged by the 15-nation deal that will encompass about 30 percent of global gross domestic product, according to experts. However, the country will have to work to on infrastructure investment, implement policy framework and coordinate efforts with foreign […]
Read MoreMANILA, Philippines — Retail prices of consumer goods in Metro Manila eased for the first time in five months, the Philippine Statistics Authority (PSA) said. The General Retail Price Index (GRPI) in the National Capital Region (NCR) grew 1.8 percent in June, slower than the 2.1 percent rate in May. It marked the first time […]
Read MoreApple has put on hold its plans to relocate part of its production including iPad and MacBooks from China to Vietnam due to the COVID-19 pandemic. A new report by Nikkei Asia says that AirPods 3 have entered into mass production in China instead of Vietnam as Apple originally hoped. Apple’s plan to bring some MacBook and […]
Read MoreLivestock importers are lobbying the government to allow more pigs into the country. Four firms submitted proposals to the minister of economy and finance and the commerce minister asking permission to import swine. They say consumers will benefit from cheaper pork prices – and higher sales will increase government revenue by $3 million a year. […]
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Thailand
