Domestic car sales surged 61.72% in August from a year earlier to 68,208 units, helped by an easing of Covid-19 curbs and a low baseline last year, the Federation of Thai Industries (FTI) said on Thursday. That compared with July’s 22.1% year-on-year rise. In the January to August period, car sales rose 19.61% from a year […]
Read MoreMANILA, Philippines — Moody’s Analytics slashed its 2022 gross domestic product (GDP) growth target for the Philippines to 6.8 percent from the original target of 7.2 percent as high interest rates and slower global growth challenge Asia-Pacific economies. In a report, Steven Cochrane, chief economist at Moody’s Analytics, said the regional economy is being tested. […]
Read MoreVietnam’s economy recovered faster than expected in the first half of 2022 and continues to grow amid the challenging global environment. Vietnam’s strong economic fundamentals are driving an economic rebound which maintains its favorable economic outlook for the country with an expansion rate of 6.5% in 2022 and 6.7% in 2023, according to ADB. ADB Country […]
Read MoreThe Asian Development Bank (ADB) has revised down projection of Cambodia’s Gross Domestic Product Growth to 6.2 percent this time for 2023 from 6.5 percent forecasted earlier as the country’s economy would be affected by weaker global economic growth, according to a news release received by Khmer Times from ADB yesterday. However, the Asian Development Outlook Update […]
Read MoreThe governor of Bangkok supports entertainment venues staying open until 4am in order to promote night-time tourism. Chadchart Sittipunt said tourism, including the hotel segment, is at the heart of the city’s economy as the sector creates jobs and pay taxes for the city. “My main duty is to remove all obstacles for you,” Mr […]
Read MoreThe Vietnamese dong currency has dropped against the U.S. dollar in the lead up to the U.S. Federal Reserve (Fed) meeting where interest rates are expected to be hiked by three-quarters of a point again. The State Bank of Vietnam (SBV) set the central foreign exchange rate at VND23,301 per U.S. dollar on September 20, […]
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Thailand
