Despite signs of economic recovery in early 2022, Laos faces increased challenges from currency depreciation and high inflation, according to the World Bank’s latest economic update for the country. The Lao Economic Monitor for October 2022: Tackling Macroeconomic Vulnerabilities, released on Monday, identifies ambitious reforms that could help the country restore economic stability and sustain growth. The report […]
Read MoreThe economy enjoyed healthy expansion in the third quarter, officials said on Monday, with the return of international tourists helping to offset persistently high inflation. Southeast Asia’s second-largest economy was battered by the pandemic, but the kingdom’s reopening earlier this year saw the service sector record an 87% year-on-year increase, official data showed. The National […]
Read MoreSINGAPORE – Malaysia’s stocks and the ringgit remained under pressure on Monday after the King’s decision to grant rival party leaders a one-day extension to form the next government amid uncertainty over how the ongoing horse-trading will pan out. After diving sharply at the opening bell on Monday morning – following a general election that delivered the […]
Read MoreSeveral export businesses are facing a severe crunch of orders, especially in textiles, garments, footwear, and furniture. This situation is expected to last throughout the first quarter of 2023, which is creating an extremely worrisome state of affairs for all enterprises who are struggling to cope with day to day difficulties. Lack of export orders […]
Read MoreThe rally in the baht may be nearing an end without new catalysts, such as a return of Chinese tourists, as technical indicators show the currency is overbought. The baht has advanced 6% against the dollar in the past month — and was the second-best performing currency in Asia — as China loosened Covid curbs and […]
Read MoreGoogle Wallet is a digital wallet that allows one to securely store credit and debit cards, tickets, passes, keys, and IDs. It was launched in 12 countries including Thailand and Vietnam on Wednesday. At the moment 57 countries have access to this application and the new additions include Armenia, Cyprus, Georgia, Kyrgyzstan, Liechtenstein, Luxembourg, Malaysia, […]
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