Thailand’s overall smartphone shipments dropped 12% year-on-year in the third quarter, particularly for entry-level handsets, as inflation delayed people’s purchasing decisions, says global tech market analysis firm Counterpoint. Shipments refer to smartphones that manufacturers send to mobile carriers and retailers. The smartphone market did receive a boost from the ultra-premium segment, with growth of 32% year-on-year […]
Read MoreUp to 42 foreign service providers have registered, declared and paid tax with a total amount of VND 1.9 trillion (US$ 82 million) to the portal for tax payment of cross border activities, according to the General Department of Taxation. The portal for tax payment of cross border activities was launched on March 21, 2022, serving […]
Read MoreMANILA, Philippines — The gross domestic product (GDP) growth of the Philippines will significantly slow to five percent next year from the projected 7.2 percent this year as tailwinds supporting the post-pandemic recovery have matured, ANZ Research said. “Factors that supported the rebound in domestic demand have reached their point of maximum strength and should […]
Read MorePattaya tourism operators are optimistic an event-packed December and the return of corporate clients will help stimulate demand as a number of local tourists delayed bookings while waiting for the government’s subsidy scheme. The new phase of the “We Travel Together” hotel subsidy was postponed until the cabinet meeting on Dec 20 from last week, and […]
Read MoreThe 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. […]
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