Thailand’s economy is forecast to grow 1% this year, down from the 2.2% projected in July, hit by a spike in Covid-19 cases and a delayed reopening to visitors, the World Bank said on Tuesday, as the country fights its biggest virus outbreak to date. The economy contracted 6.1% last year, its deepest slump in […]
Read MoreKUALA LUMPUR, Sept 28 — Malaysia’s imports grew by 20.4 per cent from January until August 2021 compared to the same period last year, according to the Ministry of International Trade and Industry (Miti). In a statement, its minister Datuk Seri Mohamed Azmin Ali said China continues to be the leading source of imports with […]
Read MoreEconomic recovery in Laos slowed amid a second wave of the Covid-19 pandemic that has led to lockdowns and lower consumer spending, according to a report released by the Asian Development Bank (ADB). The country’s economy is expected to grow by 2.3% in 2021, compared with the 4.0% expansion forecast in April, according to the Asian […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may hike interest rates as early as the second quarter due to accelerating inflation and mounting pressures from the hawkish stance of the US Federal Reserve, according to the research units of Fitch and Moody’s. In a report, Fitch Solutions Country Risk & Industry Research said […]
Read MoreThe bilateral trade between Cambodia and Thailand was valued at $5,238 million in the first eight months of this year, inching up 3.14 percent compared with the same period last year. Figures from Thailand’s Ministry of Commerce showed that from January to August Cambodia exported $623 million worth of products to Thailand, a year-on-year decrease […]
Read MoreThe country still remains among the fastest-growing economies in East Asia and the Pacific, according to WB. Vietnam’s GDP growth forecast in 2021 has been revised down to 4.8% from the previous estimation of 6.6% due to economic pains associated with the current Covid-19 outbreak, but the country still remains among the fastest-growing economies in East […]
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