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Gambling with Thailand’s future

Whether you support it or not, betting and gambling dens have been commonplace in much of Thailand for a long time, despite authorities’ attempts to stamp it out. Thai people love playing cards and betting on sports, particularly football and cockfighting, although gambling is currently illegal here. Casinos in the border town of Poipet, Cambodia, […]

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Nomura cuts Philippines GDP growth to 6.3%

MANILA, Philippines — Japan’s Nomura has slashed its 2022 gross domestic product growth forecast for the Philippines to 6.3 percent from the original target of 6.6 percent amid the expected further GDP slowdown in the second half. Nomura’s latest growth forecast is now lower than the revised 6.5 to 7.5 percent target penned by the […]

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Vietnam: Challenges for supermarket chains

The recent shutdown of multiple Bach Hoa Xanh (BHX) stores has been the talk of the town for the past few weeks. What prompted the leadership of this grocery store chain to come to such a decision despite the considerable growth in total revenue? For a successful retailer like The Gioi Di Dong JSC, BXH’s […]

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Thailand: Smartphone sales set to struggle in 2022

Thailand’s smartphone market is expected to experience flat growth or even decline this year due to the economic slump and a weaker baht, but flagship 5G smartphones, loans and trade-in programmes could help prop up the segment, according to IT product distributors. “A sluggish economy, rising inflation and a weaker baht are taking a toll on demand […]

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An insight into Vietnam’s indebtedness

National debt, or foreign debt, when reaching an excessive level, often leads to an economic crisis. Given debt crises in multiple countries, especially poor ones, it is worthwhile to look into Vietnam’s debt which comes with four types: foreign debt, public debt, debt owed by non-financial companies, and debt by households. Public debt excludes debt […]

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