THE growth of the country’s manufacturing sector stalled in January as the repercussions of Typhoon “Odette” and the surge of Covid-19 cases affected output and new orders, results of the latest IHS Markit survey showed. Survey results released on Wednesday showed that the purchasing managers index (PMI) fell from 51.8 in December to 50 in […]
Read MoreThailand saw total foreign investment of 82.501 billion baht ($2.5 billion) last year, creating 5,450 jobs for Thais, the commerce ministry announced on January 31. Japan remained the kingdom’s highest foreign investor, topping the rankings with 23.260 billion baht or 28.6 per cent of total investment via 163 businesses. The US was second with 5.948 […]
Read MoreRice exporters forecast shipments to rise by 14.8% this year to 7 million tonnes driven by sufficient water supply. Higher demand is anticipated thanks to a global economic recovery, while a favourable foreign exchange rate should make Thai rice competitive, according to Charoen Laothammatas, president of the Thai Rice Exporters Association. For the 2021/2022 harvest […]
Read MoreForeign tourist arrivals in Cambodia cratered by nearly 84.96 per cent last year, extending a decline triggered by the Covid-19 crisis, which brought international travel to a screeching halt and crushed the tourism industry for the past two years. But 2022 marks the year that tourism embarks on the recovery path, as the Kingdom positions […]
Read MoreON the heels of the expected interest rate hikes in the United States, analysts expect the Philippine peso to weaken further against the US dollar this month. Analysts see the peso to trade between P50 and P52 to the US dollar in February after closing January at P50.95:$1. “Peso will start to feel the heat by […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking expects inflation to run at 1.5-2.5% this year, and 3% in first half due to rising oil prices. Supant Mongkolsuthree, chairman of the Federation of Thai Industries, said on Wednesday that tension between Russia and Ukraine could prompt Russia to reduce its crude oil and natural […]
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