MANILA, Philippines — Global banking giant Citi and Japan’s Nomura slashed their gross domestic product (GDP) growth forecasts for the Philippines as soaring global oil prices from Russia’s invasion of Ukraine may dampen consumption. Nalin Tutchotitham, economist for the Philippines at Citi, said the GDP growth, current account balance and inflation forecasts for the Philippines […]
Read MorePrime Minister Hun Sen said in the first two months of this year, Cambodia’s total exports saw a remarkable increase. At the inauguration ceremony of the National Road No. 21 in Kandal this morning, Mr Hun Sen said the exports from Cambodia in January and February this year rose by over 30 percent. For the […]
Read MoreSugar production in Thailand, a top exporter of the sweetener, is heading for a three-year high after an end to two years of drought-like weather conditions improved crop prospects. Output may reach 10 million tonnes by the end of the current crushing season on March 31, according to Thai Sugar Millers Corp. The mills produced […]
Read More[BANGKOK] Thailand’s economy is expected to grow 3 per cent to 4 per cent this year, helped by increased investment and a reopening to foreign tourists, Deputy Prime Minister Supattanapong Punmeechaow said on Wednesday. The government will continue to cap energy prices to maintain the country’s competitiveness, he told a business seminar. South-east Asia’s second-largest […]
Read MoreIndustry experts are divided on whether Cambodia’s tourism industry will win or lose as Southeast-Asia reopens its borders to foreign visitors. Vietnam is considering allowing tourists back from March 15, Thailand has restarted its Test & Go scheme after a month’s hiatus and Singapore is planning to triple the number of visitors passing through its […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP) builds on the existing free trade agreements created by the ASEAN partnership, further developing economic integration and shaping future trade policies. The RCEP agreement – that came into force on January 1, 2022 – is designed to reduce trade barriers and improve market access for goods in constituent nations. […]
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