The University of the Thai Chamber of Commerce (UTCC) forecasts Thai economic growth of 3.6% in 2023, up from an estimated 3.3% this year, driven largely by the tourism revival, growing exports and a recovery in private consumption. According to Thanavath Phonvichai, UTCC president, the forecast assumes global trade growth of 2.5% in 2023, down from […]
Read MoreSINGAPORE’S non-oil domestic exports (NODX) contracted by 14.6 per cent on the year in November from a high year-ago base, going by Enterprise Singapore (EnterpriseSG) data on Friday (Dec 16). The month’s decline far outstripped the median 6.5 per cent decline forecast by private-sector economists in a Bloomberg poll. Both electronic and non-electronic exports fell. […]
Read MoreAt the same time, the amount of electricity imported by the country also decreased by 72.7 percent. The country earned USD 1,769 million by exporting electricity and spent just USD 15 million while importing it, informed Deputy Prime Minister, Dr. Sonexay Siphandone at a National Assembly session last week. Laos has partnered with countries like […]
Read MoreA Vietnamese company has filed a lawsuit against Amazon asking for $280 million. Amazon has not commented on the case yet. According to Bloomberg, Gilimex has sued Amazon, saying that its orders are shrinking. Its factory has faced difficulties due to having no orders, while production capacity and raw materials is more than adequate. Since […]
Read MoreMANILA, Philippines — Ayala-led Bank of the Philippine Islands (BPI) sees the country’s economic growth slowing to below six percent but is expected to avoid recession next year amid external headwinds. In a virtual press conference, Jun Neri, lead economist at BPI, said the gross domestic product (GDP) growth of the Philippines may ease to […]
Read MoreRosegold, a market leader in health and beauty supplements, visited Cambodia this week as it considers its next overseas venture. The company, which is based in Thailand, first expanded its products into Laos in 2020, and is also in discussion with potential partners in Hanoi to introduce Rosegold products to the Vietnamese market. Ms Thunrawee Ruengraweethitikorn, Director […]
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