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Laos Records USD 48 Million Trade Surplus in February

Laos posted a USD 48 million trade surplus in February 2022, with exports totaling USD 519 million and imports totaling USD 471 million. According to the most recent data from the Lao Trade Portal website, the total value of trade in February was USD 990 million, Xinhua reports. Laos’ primary exports were gold (in the form of bars), […]

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World Bank cuts Thai growth outlook to 2.9% this year

Thailand’s economy is expected to grow 2.9% this year, down from a prediction of 3.9% seen in December, the World Bank said on Tuesday. Weakening global demand will slow growth in goods exports, while the fallout from the Ukraine-Russia war will weigh on domestic consumption, external demand and tourism, the agency said in a statement. […]

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Philippines: Manufacturing seen losing momentum

In Q2 due to high commodity prices MANILA, Philippines — The manufacturing sector in the Philippines and in Southeast Asia may slow down in the second quarter due to surging commodity prices as an effect of the Russia-Ukraine war. In a report, international think tank Pantheon Macroeconomics said that while manufacturing ended the first quarter […]

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