Thailand is one of the first countries in Asia to see tourism rebound from the pandemic, driven by positive signals from both foreign and domestic travellers, according to Agoda. “Thailand is leading Asia in terms of inbound tourists, but it has not yet reached 2019 levels,” said Omri Morgenshtern, chief executive of Agoda, an Asia-focused online […]
Read MoreCambodia had made a total of $544.1 million from the exports of dry rubber and milled rice during the first eight months of 2022, according to official reports on Tuesday. A report from the General Directorate of Rubber showed that the Southeast Asian nation exported 194,014 tons of dry rubber during the January-August period this […]
Read MoreGROSS domestic product (GDP) growth for the Philippines in the third quarter this year is seen slowing down to the 5.9-percent to 6.6-percent range. The Bangko Sentral ng Pilipinas said in its latest Monetary Policy Report that the country’s GDP growth would settle within the revised 6.5- to 7.5-percent target set by the Cabinet-level Development […]
Read MoreSpending at this year’s annual vegetarian festival, scheduled to run from Sept 26 to Oct 4, is expected to improve compared with tepid spending in 2021, when the pandemic was still raging. According to the latest survey by the University of the Thai Chamber of Commerce (UTCC), spending during the festival is expected to increase […]
Read MoreJAKARTA: Indonesia’s central bank kept its benchmark interest rate unchanged at a record low on Thursday, as expected, saying the level remained consistent with its inflation target and supporting economic growth. Bank Indonesia (BI) left the benchmark seven-day reverse repurchase rate at 3.50%, where it has been since February 2021, as forecast by most analysts […]
Read MoreMANILA, Philippines — The Asian Development Bank upwardly revised its growth forecast for the Philippines, joining a small number of Asian economies that received a better economic outlook as rising interest rates and consumer prices threaten the region’s recovery from a more persistent pandemic. In a supplement to its flagship “Asian Development Outlook” report released Thursday, […]
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