Not only the tourism sector, but the ease of travel restriction after two years fighting the Covid-19 pandemic is also set to be a welcoming sign for trade and investment activities. Growing economic momentum has sustained since early 2022 and the ease of travel restriction has set the economy in motion to achieve its development […]
Read MoreMANILA, Philippines — President Rodrigo Duterte on Monday signed into law the Public Service Act, which would ease restrictions on foreign investments in key industries. The law amended the 85-year-old Commonwealth Act 146, known as the Public Service Act. The changes would open industries that foreigners were once limited to own or invest in — such as telecommunications, airlines, and railways […]
Read MoreThe baht opened at 33.62 to the US dollar on Tuesday, weakening from Monday’s close of 33.54 to its lowest level in two months. Krungthai Bank market strategist Poon Panichpibool said he expected the Thai currency to move between 33.50 and 33.75 during the day. Poon predicted the baht would weaken and swing sideways in […]
Read MoreThe Ministry of Economy and Finance has officially launched the “Cambodia Garment, Footwear and Travel Goods [GTF] Sector Development Strategy 2022-2027”, with which it hopes to set common development goals, establish independence and develop the sustainability and inclusiveness of the sector. At the meeting introducing and formally implementing the strategy, finance ministry secretary of state […]
Read MoreMANILA, Philippines — A local research group has expressed concern over the drop in labor force participation in January, made worse by fuel price hikes and the measly assistance given by the government. Citing data from the Philippine Statistics Authority (PSA), IBON Foundation said the number of labor force participants fell by 3.6 million to 45.9 […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) is expected to keep its policy rate at the historically low level of 0.5% throughout this year to maintain economic momentum, according to economists. The US Federal Reserve is projected to raise its policy rate multiple times throughout this year. Last week the Fed hiked its benchmark […]
Read More
Thailand
