Unemployment declined thanks to increased economic activity and a rebound in tourism. However, household debt increased, albeit at a slower pace, while total loan quality improved. The National Economic and Social Development Council (NESDC) reported on Wednesday unemployment in the third quarter tallied 491,400, representing 1.23% of the total workforce, declining from 546,600 or 1.37% of […]
Read MoreJakarta. Indonesia recorded a surplus of $5.16 billion in its international trade in November to extend a run of surpluses to the 31st consecutive month, the Central Statistics Agency, or BPS, announced on Thursday. The latest monthly figure brings the overall international trade surplus to top $50 billion year to date. The country’s exports amounted to […]
Read MoreThe General Department of Taxation earned e-commerce value-added tax (VAT) income of $37 million from the operation of electronic goods and services till November this year. The government started implementing the e-commerce VAT from April this year. The update was shared in a monthly meeting yesterday under the presence of Director-General Kong Vibol. “From May […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) has raised its gross domestic product (GDP) forecast for the Philippines this year, following the country’s surprisingly strong economic performance in the third quarter, but it expects growth to slow next year. In the ADB’s Asian Development Outlook Supplement for December released yesterday, the multilateral lender said […]
Read MoreWHAT goes up must come down. Broadly, the market expects global inflation levels will be much lower in 2023, as higher interest rates cool consumer demand and tame inflation amid increasing risks of economic recession in advanced economies. The unacceptable and uncomfortable levels of inflation top the list of most worrisome issue confronted by governments, […]
Read MoreVietnam’s total import-export revenue hit 700 billion USD so far this year, exceeding last year’s record of 600 billion USD, reported the General Statistics Office (GSO). The office said that the country continues to enjoy a trade surplus that has maintained since 2012 (except for 2015 when the country suffered a deficit of 3.55 billion […]
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Thailand
