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Vietnam’s electronics industry continues to grow despite COVID-19

Vietnam’s electronics industry, an increasingly important sector of the country’s economy, continues to grow despite the negative impact of the COVID-19 pandemic, according to the Ministry of Industry and Trade (MoIT). Amid the pandemic, the sector brought home US$77.58 billion over the past nine months of 2021, statistics from the General Department of Customs showed.  Of this, the export of […]

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Cambodia: Government approves budget bill for 2022

The Cambodian government approved a draft budget bill of 32,576.9 trillion riels (approximately $8.013 billion) for its expenditure for 2022, with national revenue set at 23,462.6 trillion riels (approximately $5.771 billion). The draft budget bill was approved in the weekly cabinet meeting held on Oct 22. It was presided over by Prime Minister Hun Sen. […]

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Philippines: Economists see spike in inflation

Average 4.3% forecast exceeds gov’t target MANILA, Philippines — Economists of private banks hiked their inflation forecast to 4.3 percent from the original target of 4.1 percent, higher than the central bank’s two to four percent target this year amid upward price pressures, according to the Bangko Sentral ng Pilipinas (BSP). Zeno Ronald Abenoja, managing […]

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Thailand: Bangkok land price index edges up in Q3

Despite the escalating trend, the increase in the land price index in Greater Bangkok in the third quarter remained lower than the five-year average during the pre-Covid period, according to the Real Estate Information Center (REIC). Acting director-general Vichai Viratkapan said the quarterly rise in land price index in Greater Bangkok was only 0.5% in […]

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Malaysia considers travel bubbles from next month

Malaysia is considering creating travel bubbles with 10 countries, including some ASEAN members, from next month, according to Tourism Minister Nancy Shukri. The move comes after Thailand announced quarantine-free entry for fully-vaccinated visitors from 45 countries, including Cambodia, would start on Nov 1. Malaysia shut its borders to foreign tourists two years ago because of […]

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