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World Bank upbeat on Thai growth

The World Bank predicts Thai economic activity will return to 2019 levels by the end of 2022, helping support GDP growth of 3.9% next year, up from 1% this year. Thailand’s economy bottomed out in the third quarter this year, but has been picking up since. Progress on vaccination and the resumption of tourist arrivals […]

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Indonesia’s Trade Surplus Narrowed in November

By Yi Wei Wong Indonesia’s trade surplus was $3.51 billion in November, compared with $5.73 billion in October, as on-month import growth grew faster than export growth, Indonesia’s statistics agency said Wednesday. The result was narrower than the median forecast from a Wall Street Journal poll of analysts, which expected a $4.30 billion surplus. Indonesia […]

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Singapore’s labour market recovery to continue into 2022; tightness partly driven by border curbs: MOM

SINGAPORE’S labour market recovery is expected to continue into 2022 alongside further easing of Covid-19 curbs, though border restrictions remain a significant driver of labour market tightness, according to the Manpower Ministry’s (MOM) latest Labour Market Report on Wednesday (Dec 15). There are now twice as many job vacancies as unemployed persons, but this is […]

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Faster economic growth seen for Philippines until 2022

MANILA, Philippines — The Philippines is expected to record strong growth until next year as the economy shows “impressive resilience,” with a ramped-up vaccination drive to counter the threats of new COVID-19 variants, the Asian Development Bank (ADB) said. In its Asian Development Outlook 2021 supplement released yesterday, the Manila-based multilateral lender joined local and […]

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