The World Bank has increased its forecast for Thai economic growth this year to 3.1% from 2.9%, according to its “East Asia and Pacific October 2022 Economic Update” released on Monday. The bank also downgraded its growth forecast for Thailand in 2023 to 4.1% from a previous forecast of 4.3%. Growth in most of developing […]
Read MoreMANILA, Philippines — A removal from the gray list of global dirty money watchdog Financial Action Task Force (FATF) may help the Philippines attract more foreign direct investments (FDIs), according to the International Monetary Fund (IMF). “The completion of the Philippines’ action plan with the FATF is critical to successfully exit the FATF list,” Cheng […]
Read MoreThe wholesale and retail industries took the lead in new foreign-invested projects in the January-September period, according to the Ministry of Planning and Investment. A report from the Ministry of Planning and Investment showed that Vietnam had 1,355 new foreign-invested projects licensed with total registered capital of US$7.12 billion. The number of projects in the […]
Read MoreThe Foreign Trade Department has tightened measures regarding the issuance of a certificate of origin (CO) on Thai products at risk of circumvention by foreign companies. A CO is an international trade document which declares where commodities or goods were manufactured. Pitak Udomwichaiwat, director-general of the Foreign Trade Department, said his body recently announced 42 […]
Read MoreMANILA, Philippines — Filipino professionals are set to receive their highest pay raise since the pandemic fallout of 2020 as concerns surrounding pricier consumer goods and services and the war for talent rage in the local labor market. Based on an April and May survey of 6,945 organizations in Asia Pacific, with 385 companies in the […]
Read MoreEconomists have forecast Vietnam’s inflation will be kept at around 3.3-3.8% this year, similar to the National Assembly-set target of below 4%, adding that the pressure for 2023, however, remains huge and requiré appropriate response solutions. According to Deputy Director of the Vietnam Institute for Economic and Policy Research (VEPR) Nguyen Quoc Viet, inflation in […]
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Thailand
