Laos’ economy is projected to grow 3.4 percent this year and 3.7 percent in 2023, due to the country’s investments to boost exports, according to the Asian Development Outlook (ADO) 2022 released by the Asian Development Bank (ADB) on Wednesday. “Growth in 2022 and 2023 will be underpinned by recovering investment and rising output in […]
Read MoreSuvarnabhumi airport has seen a sharp rise in the number of international arrivals since the requirement for pre-flight Covid-19 tests was lifted. Thailand’s main gateway airport in Samut Prakan province reported an average 11,623 travellers from overseas destinations from Friday to Monday, a 66% rise from the average in March of 7,003 visitors a day. […]
Read MoreMANILA, Philippines — The Philippines remains on track toward economic recovery this year as restrictions are eased, but growth may fall short of government targets as downside risks persist due to global tensions. In its Asian Development Outlook 2022 released yesterday, Manila-based Asian Development Bank (ADB) said the Philippine economy may grow by six percent […]
Read MoreThe Kingdom imported more than $1.3 billion worth of goods from Thailand in the first two months of this year, a 3.3 percent year-on-year increase. Imports from Thailand were at $1.12 billion during the period, a 5.2 percent increase from the same period last year, according to the official statistics from Thailand’s Commerce Ministry. The […]
Read MoreWhile the reduced environmental protection tax lowered petrol prices from April 1, most transport enterprises are struggling. Retail petrol prices fell by more than 1,000 VND per litre following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance. Accordingly, the retail price of RON95 bio-fuel dropped by 1,039 VND […]
Read MoreMANILA, Philippines — Headline inflation will hover around the four percent level for the rest of the year and is not expected to significantly breach the central bank’s target, a global think tank said. In its latest economic monitor, Pantheon Macroeconomics said the risk of runaway inflation or hyperinflation in the Philippines remains minimal, even […]
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