MANILA (BLOOMBERG) – The Asian Development Bank (ADB) cut economic growth forecasts for developing Asia, as the emergence of the Omicron variant and rising coronavirus infections globally show the pandemic is far from over. The region’s gross domestic product will expand 7 per cent this year, down a notch from the 7.1 per cent forecast in September, […]
Read MoreDeputy Prime Minister Supattanapong Punmeechaow has called on the public and private sectors to stay positive to help boost the country’s economic recovery next year. “Almost all economic statistics have shown improving trends in the country including household consumption, private consumption, investment, exports, and private investment after the country’s reopening on Nov 1,” Mr Supattanapong […]
Read MoreMANILA: The Philippines’ total outstanding external debt remained a prudent level as of the end of September with US$105.93bil (RM445.81bil), representing 27.3% of the domestic economy The Bangko Sentral ng Pilipinas (BSP) governor Benjamin Diokno (pic) said in a statement the low ratio of total outstanding external debt to gross domestic product (GDP) means that […]
Read MoreHCM CITY — Container and warehouse shortages and surging container shipping costs have hit the textile and garment industry hard, insiders told a seminar in HCM City. Speaking at the seminar organised by the Việt Nam Textile and Apparel Association (VITAS) and Saigon Newport Corporation last Friday (December 10), Nguyễn Thị Tuyết Mai, deputy general secretary of […]
Read MoreMobile internet subscribers in Cambodia are increasing and its subscribers overwhelm the general population. Meanwhile, mobile phone subscribers (Sim Card users) have registered a decrease. Figures from the Telecommunication Regulators of Cambodia, as of September this year, shows that the number of mobile internet subscribers was at 17.53 million, increasing from 16.331 million as of […]
Read MoreThe Airlines Association of Thailand (AAT) is urging the government to consider implementing a visa waiver for international travellers to attract more demand as global competition is getting intense. Further loosening of travel rules and costs, such as visa fees or RT-PCR tests, will stir demand, said Puttipong Prasarttong-Osoth, Bangkok Airways president and AAT president. […]
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