MANILA, Philippines — The impending interest rate liftoff by the Bangko Sentral ng Pilipinas (BSP) may dent demand and employment recovery, especially in the absence of fiscal support to cushion the economy from higher borrowing costs, according to Moody’s Analytics. It said the Philippine economy has surpassed pre-pandemic levels of output after its gross domestic […]
Read MoreCambodia exported goods for a total of $7,606 million in the first four months this year, a 32 percent increase over the same period last year, data from the General Department of Customs and Excises showed. From the January to April period, the US was the biggest market for Cambodia’s exports with a total of […]
Read MoreVietnam continues to benefit from its broad re-opening strategy, which saw a huge crowd flocking to tourist hotspots in the country and household spending rebound. Vietnam’s economic recovery is gaining momentum despite heightened global uncertainty related to the protracted war in Ukraine, higher commodity prices, and tightening global financial conditions, according to the World Bank. […]
Read MoreWith an improving pandemic outlook, the logistics and warehouse sector is continuing to grow, mainly attributed to robust e-commerce business and rising demand from the electronics and automotive industries following the country’s reopening. Thanapol Sirithanachai, country chief executive of Frasers Property (Thailand) Plc (FPT), said electronics and automotive businesses were adding factory space to serve […]
Read MoreLaos has recorded more than 2,000 arrivals at land borders and Wattay International Airport following the country’s 9 May reopening. Dr. Kikeo Khaykhamphithoune, Deputy Prime Minister and Head of the National Taskforce for Covid-19 Prevention and Control, inspected the Lao-Thai Friendship Bridge and the airport in Vientiane Capital on Friday, according to Lao National Radio. During his […]
Read MoreThe International Labour Organization (ILO) estimates that as many as 93% of those who are employed in Cambodia are part of the informal economy, while the share in Myanmar and Indonesia, two other Southeast Asian countries, is as high as 85%. According to a recent report by the Asian Development Bank (ADB), other estimates point […]
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Thailand
