A group of Thai shippers cut its export growth forecast in the second quarter to zero from 5% earlier, blaming the escalating conflict between Russia and Ukraine and global financial market volatility following Western sanctions imposed on Russia. Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council (TNSC), said the Russia-Ukraine crisis and the Western […]
Read MoreEconomists and manufacturing players are concerned about the relentless rise in Cambodian fuel prices, which they blame for a general upswing in the prices of other goods and services – a trend many fear may be extended by Russia’s military offensive in Ukraine. The retail selling prices of fuel in the Kingdom from March 1-15 […]
Read MoreVietnam’s economy is forecast to grow beyond expectation in 2022 as domestic demand rebounds and foreign direct investment (FDI) inflows remains stable. Most forecasts by foreign investment funds show that Vietnam’s GDP growth is likely to increase by 7.5 percent in 2022. However, it is not too surprising if the economy will grow at a […]
Read MoreNational oil and gas conglomerate PTT Plc still sees a chance of global oil prices cooling down if the Russia-Ukraine clash is not protracted and Iran can export more oil. The situation will get better if talks between Russia and Ukraine in Belarus pave the way for a peaceful solution. Also, if the US lifts […]
Read MoreTEMPO.CO, Jakarta – The central statistics agency, Statistics Indonesia or BPS, recorded a 12.15% monthly decline in foreign visits throughout the month of January. During the first month of 2022, only 143,800 people visited Indonesia from abroad. “But if we look at the year-on-year figures, there was a 13.62 percent increase from January 2021,” BPS deputy for distribution and statistical […]
Read MoreRussia’s invasion of Ukraine on Feb 24 marks a major conflict that sent shockwaves through global stock and commodities markets. The action could affect tourism around the world, including in Thailand, which is still struggling to recover economically from the pandemic stress. Will travel be considered a luxury during unsettling times? Thailand’s Department of Disease […]
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