Thailand’s exports are still expected to rise between 6% to 8% this year, helped by a weak baht and increased food shipments amid global food insecurity, the national shippers’ group said on Tuesday. However, high global inflation, energy prices and freight rates remain key risks, Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council, told a […]
Read MoreSingapore won’t limit the number of applicants for its newest work permit, Minister of Manpower Tan See Leng said, as the city-state seeks to burnish its appeal to the best minds globally. The introduction of the Overseas Networks and Expertise (ONE) pass last week as well as other steps that make it easier to hire […]
Read MorePrices of hotel rooms in Singapore are soaring as a result of the influx of overseas visitors following the easing of restrictions, Bloomberg reported. At S$259 a night, the average hotel room rate in July 2022 rose nearly 70 per cent year-on-year. Per night rates have reached a level not seen since September 2012, which was a […]
Read MoreVietnam passed South Korea to lead the consumption per capita of instant noodles in the world in 2021, according to the World Instant Noodles Association (WINA). The rate per person increased from 55 servings in 2019 to 72 servings in 2020 and 87 servings in 2021 for Viet Nam, which was 73 servings in South […]
Read MoreMANILA, Philippines — The country’s economic growth may slow further in the coming quarters amid accelerating inflation, according to economists. Taimur Baig, chief economist at DBS, said the country’s gross domestic product (GDP) expansion is likely to revert to the six percent range in the coming quarters, but is on track to reach seven percent […]
Read MoreMALAYSIA’S central bank will deliver a third consecutive 25 basis point interest rate hike on Thursday and a fourth in November to quell growing inflationary pressures but will opt to move slowly despite a hawkish US Federal Reserve, a Reuters poll found. Although Malaysian inflation rose to 4.4 per cent in July, well above the […]
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