MANILA, Philippines — Manufacturing activity recovered from a slump, posting a big hike in April as a majority of industry groups recorded gains, the Philippine Statistics Authority (PSA) said. Factory output, as measured by the Volume of Production Index (VoPI), surged 162 percent in April, coming from a 73.3 percent contraction in March and 65 […]
Read MoreThe baht opened at 31.21 to the US dollar on Wednesday, unchanged from its closing rate on Tuesday. The Thai currency is likely to move between 31.15 and 31.25 during the day, Krungthai Bank market strategist Poon Panichpibool said. He explained that the baht could strengthen at most to 31.30 per US dollar and at […]
Read MoreIndustries sentiment dropped for a second straight month in May, hitting an 11-month low, due to the third wave of coronavirus infections and a slow vaccine rollout, an industries group said on Tuesday. The Federation of Thai Industries (FTI) said its industries sentiment index fell to 82.3 last month from 84.3 in April, when its […]
Read MoreThe government has set up an FDI task force to support multinationals and foreign businesses grasping investment opportunities in Vietnam. Vietnam remains a preferred destination for foreign investors as actual disbursement of foreign direct investment (FDI) rose by 6.7% year-on-year in the first five months of this year to US$7.15 billion. During the period, FDI […]
Read MoreThe Lao government will hold negotiations with China to seek market openings for the export of more than 90 agricultural products by 2025. Minister of Agriculture and Forestry Dr Phet Phomphiphak spoke about the government’s goals for exports at a recent event in Vientiane for the signing of a cooperation agreement by AIDC Trading Sole […]
Read MoreMANILA, Philippines — The World Bank slashed anew its growth forecast for the Philippines, as emerging signs of recovery seen in previous months dissipate in the face of fresh coronavirus lockdowns. From its old forecast of 5.5% in March, the Washington-based lender now projects the economy to grow 4.7% this year based on the revised […]
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Thailand
