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Thai household debt surges, reaching a 16-year climax

Thai households are dealing with the highest level of debt in 16 years thanks to prolonged Covid-19 outbreaks and slow economic growth, according to the latest survey by the University of the Thai Chamber of Commerce (UTCC). The survey, which was based on interviews with 1,350 respondents conducted during Aug 15-20, deemed Thailand’s household debt situation as […]

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Philippines: Hot money exit continues in July

MANILA, Philippines — More speculative funds flowed out of the Philippines than what came in as foreign portfolio investments, resulting in a net outflow for the third straight month in July, according to the Bangko Sentral ng Pilipinas (BSP). Data released by the central bank showed that total foreign investments registered through authorized agent banks […]

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Thailand: Wage hikes likely fixed by Friday

The tripartite committee considering minimum daily wage hikes is expected to reach its final decision today amid concern that too much of a raise could be detrimental to workers and businesses. The committee is represented by employees, employers and government organisations including the Ministry of Commerce, the Bank of Thailand and economists. While many employers sitting […]

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Thailand’s new long-term visa regulations

Since the lifting of the strict lockdown in the first quarter of 2022, and the decrease in the number of COVID-19 cases, the Thai economy has shown signs of recovery. However, Thailand still faces a battle in bringing its economy back up to pre-pandemic levels in order to compete with its ASEAN neighbours, not to mention the […]

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Vietnam is fifth most open economy in Asia

Vietnam ranks as the fifth most open economy in Asia out of 37 nations evaluated by Fitch Solutions in its Vietnam Trade & Investment Risk Report. Economic openness assesses the risks posed to businesses and investors looking to enter the market, assessing its overall openness to foreign direct investment and its attractiveness as an investment […]

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UK’s DCTS could benefit Cambodia’s travel goods export, GMAC counters

The United Kingdom recently came out with a few more details of the proposed revamp of its Generalised Scheme of Preferences (GSP)—to be rolled out in early 2023—which reportedly suggests the revision could benefit more Cambodian garment and textile commodities, especially travel goods. The claim was, however, countered by the Garment Manufacturers Association in Cambodia […]

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