THE National Economic and Development Authority (NEDA) is confident that the Philippines can reduce poverty by at least 9 percentage points by the end of the Marcos administration in 2028, as the government aggressively pushes for economic recovery. “We firmly believe that we can reduce poverty by at least nine percentage points by 2028: we aim to lower poverty incidence, which is at […]
Read MoreThe new phase of the “Khon La Khrueng” co-payment scheme, scheduled to start next month, is expected to spark fresh competition in online food delivery services with leading market players Grab, Line Man Wongnai and Foodpanda rolling out campaigns to reduce their commission fee, known as gross profit (GP), throughout the duration of the programme. The fifth […]
Read MoreThe increase in input costs plus the decline in demand in many large markets are posing challenges to businesses in the last months of the year. Than Duc Viet, general director of Garment 10 Company in Q4 2021, predicted that the world textile and garment market would recover in 2022 and would be even better […]
Read MoreFINANCE Secretary Benjamin Diokno said the country’s gross domestic product (GDP) growth in the second quarter of this year proves that the Philippine economy is moving steadily toward a robust resurgence and expansion. In his keynote speech during the Economic Journalists Association of the Philippines-San Miguel Corp. Economic Forum on Wednesday, Diokno said the three major sectors — agriculture (0.2 […]
Read MoreThai and foreign companies filed a total of 784 applications for investment promotion during the first six months of 2022, an increase of 4% from the same period last year, but the combined investment value dropped by 42% year-on-year to 219.7 billion baht. According to the Board of Investment (BoI), investment applications in target industries accounted […]
Read MoreThe new International Land-Sea Trade Corridor between China’s western provinces and Asean member states saw 379,000 twenty-foot equivalent unit (TEU) containers transported in the first six months of this year, an increase of 33.4 percent year-on-year. Launched in 2017, the corridor is a trade and logistics passage jointly built by western Chinese provinces and Asean […]
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Thailand
