Joining the ranks of high-income countries is the holy grail of developing economies. The World Bank (WB) defines high income countries as having Gross National Income (GNI) per capita of $12,696 or more. This universal aspiration came into sharp focus recently as the NEDA announced that the Philippines will aim to be a high-income country […]
Read MoreSoutheast Asia’s growth rate is expected to decelerate to 3.8 per cent in 2023 due to the sluggish growth of global trade and the effects of tightened domestic monetary policy, according to the UN Conference on Trade and Development (UNCTAD) Trade and Development Report 2022. “The region’s vulnerability to financial and exchange rate instability weighs […]
Read MoreThailand needs to prepare for global economic difficulties as they will intensify next year, according to economists. Kobsak Pootrakool, senior executive vice-president of Bangkok Bank, said the world economy is entering a recession, which will definitely affect Thailand. One current sign of the impact is Thailand’s exports have begun to decline, said Mr Kobsak. Domestic […]
Read MoreVietnam will impose temporary anti-dumping duties on some table and chair products originating from China, the Vietnamese Ministry of Industry and Trade has said. In newly-issued Decision No. 1991/QD-BCT, the ministry said the anti-dumping tariffs imposed on the Chinese products will range from 21.4% and 35.2%. The investigated table and chair imports from China have […]
Read MoreWith Covid-related documents no longer needed to be presented for entry into Cambodia, tourism industry insiders are gearing up for an uptick in international and domestic tourism. In an October 3 announcement issued by the Ministry of Health, minister Mam Bun Heng affirmed: “We have removed the requirement for all inbound travellers in all modes […]
Read MoreMANILA, Philippines — Economists following developments in the Philippines have trimmed their growth forecast for this year and next year over concerns on the weak peso and high inflation, according to a survey of think tank Japan Center for Economic Research (JCER). Results of the quarterly consensus survey on Asian economies conducted by JCER in […]
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