The International Labour Organization (ILO) estimates that as many as 93% of those who are employed in Cambodia are part of the informal economy, while the share in Myanmar and Indonesia, two other Southeast Asian countries, is as high as 85%. According to a recent report by the Asian Development Bank (ADB), other estimates point […]
Read MoreThe Tourism Authority of Thailand (TAT) plans to spur 80 million domestic trips in the first half this year as the downward trend in new Covid infections helps rebuild local travel sentiment. “The TAT aims to tally 40-50 million domestic trips in the second quarter, which will help secure 80 million trips in the first […]
Read MoreThe capital market, digitalization, energy transition, climate change, and strategic infrastructure are key potential fields for Warburg Pincus to focus on in Vietnam. Vietnam’s business environment and macroeconomic conditions have become more stable and favorable for foreign investors, said CEO of global private equity firm Warburg Pincus Charles Kaye at a meeting with Prime Minister Pham Minh […]
Read MoreGlobal e-commerce giant eBay says it sees increasing potential for various export products from Thailand, particularly jewellery, diamonds, gemstones and collectable cards, while the company is stepping up efforts to onboard suppliers of these items. The company also notes a rising trend in “recommerce”, which involves the selling of previously owned or used products. “Our […]
Read MoreJAKARTA, May 17 (Reuters) – Indonesia’s trade surplus jumped to its largest ever at $7.56 billion in April, as exports rose to a new record high while imports grew slower than expected, data from the statistics bureau showed on Tuesday. The resource-rich country has reported a trade surplus every month in the past two years, […]
Read MoreWhile the economy is beginning to recover from the effects of Covid-19, Laos faces stiff challenges associated with long-standing macroeconomic imbalances, according to the World Bank’s latest economic update. Increasing public debt levels and rising global prices are endangering macroeconomic stability and threatening living standards, according to the Lao PDR Economic Monitor — Restoring Macroeconomic Stability to […]
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Thailand
