MANILA, Philippines — Local factories face a tough road ahead as it looks to pave a clearer path to recovery from the aftermath of Typhoon “Odette” and the Omicron variant surge, both of which stalled production in January. British information provider IHS Markit reported the Philippines’ purchasing managers’ index (PMI), a measure of manufacturing output, […]
Read MoreCambodia can regain its sustained economic growth by increasing productivity among firms and workers, diversifying exports, and taking steps to boost domestic investment, the World Bank said in the Cambodia Economic Memorandum. Cambodia’s growth rate, which averaged a robust 7.7 percent between 1995 and 2019, plunged an estimated 10.1 percentage points to contract by 3.1 […]
Read MoreThe Thai economy is likely to start recovering in the first half of this year thanks to the government’s better control of Covid-19 infections, the state’s economic stimulus measures as well as accelerated infrastructure development, says Deputy Prime Minister Supattanapong Punmeechaow. According to Mr Supattanapong, the resumption of the Test & Go tourism scheme on […]
Read MoreTHE growth of the country’s manufacturing sector stalled in January as the repercussions of Typhoon “Odette” and the surge of Covid-19 cases affected output and new orders, results of the latest IHS Markit survey showed. Survey results released on Wednesday showed that the purchasing managers index (PMI) fell from 51.8 in December to 50 in […]
Read MoreThailand saw total foreign investment of 82.501 billion baht ($2.5 billion) last year, creating 5,450 jobs for Thais, the commerce ministry announced on January 31. Japan remained the kingdom’s highest foreign investor, topping the rankings with 23.260 billion baht or 28.6 per cent of total investment via 163 businesses. The US was second with 5.948 […]
Read MoreRice exporters forecast shipments to rise by 14.8% this year to 7 million tonnes driven by sufficient water supply. Higher demand is anticipated thanks to a global economic recovery, while a favourable foreign exchange rate should make Thai rice competitive, according to Charoen Laothammatas, president of the Thai Rice Exporters Association. For the 2021/2022 harvest […]
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