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Brunei: Downtrend in unemployment

The total number of unemployed persons numbered around 10,956 in 2021 compared to 16,630 in 2020. This resulted in a decrease of the unemployment rate from 7.3 per cent to 4.9 per cent in 2020, especially among the local population (10,800 persons or 98.6 per cent), the Department of Economic Planning and Statistics (DEPS) of […]

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Vietnam becomes world’s third largest seafood exporter

Vietnam has become the world’s third largest seafood exporter, accounting for 7 percent of the world market share. The Southeast Asian nation raked in US$9.5 billion from exporting aquatic products in the first 10 months of 2022, up 34 percent on year, the Viet Nam Association of Seafood Exporters and Producers (VASEP) reported.   Of the figure, shrimp […]

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Philippines: Economic growth likely slowed in Q3

MANILA, Philippines — The country’s gross domestic product (GDP) growth likely slowed in the third quarter after easing to 7.4 percent in the second quarter from 8.2 percent in the first quarter, as inflation continues to bite, according to economists. Ruben Carlo Asuncion, chief economist at Union Bank of the Philippines, said the GDP expansion […]

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Thailand: An age-old dilemma

The government is under pressure after the cabinet approved a bill that allows foreigners to own land if they invest here, a policy that has been widely derided as “selling off” the country. The measure allows foreigners who obtain a long-term resident visa to buy up to one rai of land to build a house […]

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