The Tourism Authority of Thailand (TAT) forecasts revenue of 1.2-2.38 trillion baht next year, according to its new 2023 strategy, but this is likely to be challenged by global inflation and rising interest rates, with spending already taking a hit. TAT governor Yuthasak Supasorn said the recovery in Thai tourism would accelerate in 2023, with […]
Read MoreThe inflation genie is out of the bottle and is a multi-layered challenge for policymakers. Rising energy, food and wage costs are combining to raise inflation expectations, which if left unchecked could destabilise the global economy. Our base case for emerging markets (EM) is built on the reality they entered this current downturn in better […]
Read MoreCambodia exported 168,280 tons of milled rice to China in the first half of 2022, up 17.4 percent over the same period last year, said an official report on Monday. China remained the largest buyer of Cambodian rice during the January-June period this year, said the report from the Ministry of Agriculture, Forestry and Fisheries, […]
Read MoreFollowing securities and cryptocurrency shocks, investors are now worried as gold prices have been falling. After selling securities to stop losses, Tran Thi Lan, an investor in Hanoi, decided to invest in gold. With VND700 million, she could buy 10 taels of gold. At that time, the gold price stood at VND69.2 million per tael. […]
Read MoreThe baht opened at 36.68 to the US dollar on Tuesday, weakening from Monday’s close of 36.60. The currency is expected to move between 36.60 and 36.75 during the day, predicted Krungthai Bank market strategist Poon Panichpibool. He reckoned that the baht is likely to fluctuate and weaken to test its resistance level from 36.70 […]
Read MoreVietnam’s economy continued to expand in the second quarter of the year, with gross domestic product (GDP) growing 7.7% year on year, the highest quarterly growth rate in 11 years. Upbeat performance HSBC in its recent report, “Vietnam at a glance”, attributed the high growth rate to the tailwind of strong broad-based recovery across sectors. […]
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Thailand
