Foreign tourist arrivals into Thailand are set to beat official forecasts with the lifting of pandemic-era restrictions, a rare positive for the nation’s Covid-battered economy and currency. International arrivals will total 9.3 million this year, government spokesman Thanakorn Wangboonkongchana said Wednesday, citing a tourism ministry forecast. That’s 55% more than the Bank of Thailand’s estimate […]
Read MoreKUALA LUMPUR: Economic recovery remains in sight with a better trend as signalled by Malaysia’s macroeconomic performance in April 2022 amid global uncertainty, said the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said more than two years after an unprecedented global health crisis that profoundly altered the world’s socioeconomic […]
Read MorePrime Minister Hun Sen expressed optimism that Cambodia will definitely achieve its vision of a high-middle-income country by 2030 and attributed it to the country’s peace and economic growth, particularly the socio-economic resumption after the pandemic. His remarks came in a meeting to commemorate the 71st Founding Anniversary of the Cambodian People’s Party on Tuesday. […]
Read MoreThe surge in the dollar has set Asian currencies on course for their worst quarter since 1997 and created a dilemma for central bankers. Policy makers already grappling with the fastest inflation in decades now face stark choices: forcefully raise borrowing costs to defend currencies and risk hurting growth, spend reserves that took years to […]
Read MoreMANILA, Philippines — Residential real estate purchases will likely slow down in the coming months as lower and middle-income Filipinos brace for rising inflation and interest rates, Leechiu Property Consultants (LPC) said Wednesday. In a news briefing, the private real estate brokerage said interest charged on home loans could go up to 10% as the Bangko […]
Read MoreIn the first quarter of 2022, the number of projects approved by the Council for the Development of Cambodia reached 47, an increase of 6.8 percent and the total investment touched $2,520.6 million, an increase of 14.2 percent over the same period in 2021, according to the Economic and Financial Statistics Bulletin. According to the […]
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