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World Bank raises 2022 growth forecast for Cambodia to 4.8 percent

The World Bank has raised its growth forecast for Cambodia to 4.8 percent this year, up from its April projection of 4.5 percent, despite worsening global demand and rising commodity prices. Traditional export-oriented growth drivers, especially the garment, footwear, travel goods, and bicycle manufacturing industries as well as agriculture, continued to underpin Cambodia’s economic recovery, […]

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Thailand: Weaker baht hits travel

Outbound Thai travel is expected to stay subdued as a result of the weak baht, poor purchasing power and cryptocurrency losses, despite the reopening of Japan and Taiwan. Charoen Wangananont, president of the Thai Travel Agents Association (TTAA), said enquiries into holidays to Japan soared after last week’s announcement that the country would reopen without visa […]

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