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Malaysia: Cost of living remains a concern

PETALING JAYA: Headline inflation is expected to ease going into 2023, but living costs will remain a concern with retail prices unlikely to come down anytime soon, said an economist. AmBank Research group chief economist Anthony Dass believes the expected global economic slowdown in 2023 would ease the supply-demand imbalances that have been distorting prices. […]

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Thailand: EIC downgrades growth forecast for 2023

The Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank, has slashed its 2023 GDP growth projection for Thailand due to the global economic slowdown and the increased likelihood of a recession in developed economies. The research house has downgraded the country’s GDP growth rate for next year to 3.4%, from the previous forecast […]

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Thailand: Tourist arrivals set to slow next year

The tourism sector might be challenged by a slow market in the second quarter next year as there will be no more pent-up demand which fuelled the market this year, according to the Tourism Authority of Thailand (TAT). The TAT is preparing to hold a special event called “Amazing Thailand 10 Million Celebrations” on Dec 10 […]

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