Insufficient inbound international flights and surging airfares are challenging the recovery arc for the Thai tourism industry as the country pins its hopes on the upcoming high season in its quest to welcome 10 million tourists this year, according to the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said the number of international […]
Read MoreMANILA, Philippines — Most economists believe inflation likely quickened further to about six percent in June from 5.4 percent in May amid the steady rise in fuel prices, higher electricity rates and the weaker peso. China Bank chief economist Domini Velasquez said inflation may have accelerated to six percent last month, driven by persistently elevated […]
Read MoreThe market value of e-commerce in Cambodia surged 19 percent to $970 million in 2021 compared to a year earlier, according to the iTrade Bulletin of the Ministry of Commerce. The amount is expected to increase nearly twofold by 2025. According to the estimates of the Ministry of Commerce, the Kingdom’s e-commerce market value will […]
Read MoreWHILE growth in imports exceeding that of exports may be a temporary phenomenon, there are concerns that this may be a continuing trend against an uncertain global outlook. There is also concern that higher consumption from all the stimulus spending will increase imports but will not contribute to exports. Over the next few months, the […]
Read MoreMANILA, Philippines — Businesses are putting on hold their expansion plans amid the continued depreciation of the peso against the dollar as well as accelerating inflation, but are planning to hire more workers in the third quarter, according to the results of a survey conducted by the Bangko Sentral ng Pilipinas. BSP senior director Redentor […]
Read MoreThe highly transmissible BA.4 and BA.5 sub-variants of Omicron are keeping people alert to a possible outbreak, but Covid-19 may not be the most serious concern as the economy ambles forward. The new viral strains come as most people are vaccinated, with 76.4% of the 70 million inhabitants of Thailand inoculated with two doses of […]
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Thailand
