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Philippine factories finish 2021 strong as demand recovers

MANILA, Philippines — Local factory output continued its nascent climb in December, finishing 2021 strong as manufacturers gear up for improved operations despite continued supply chain disruptions. British information provider IHS Markit reported the Philippines’ purchasing managers’ index (PMI), a measure of manufacturing output, stood at 51.8 in December, the strongest expansion in nine months. […]

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Cambodia’s tourism sees fast recovery despite Omicron

Although more Omicron variant infections are reported, Cambodia’s tourism sector recovery shows no sign of slowing down, with a sharp rise in the number of tourists during the New Year 2022 celebrations. It remained unfazed by the virus and each weekend brought tens of thousands of domestic tourist to various sites, especially coastal and mountainous […]

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Thailand: Test & Go to remain on ice for month

The government is to consider further delaying the resumption of the Test & Go scheme until the end of this month following the spike in Omicron cases in the country. Deputy Prime Minister and Public Health Minister Anutin Charnvirakul said that concern over the global Omicron outbreak previously prompted the government to originally suspend the […]

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Singapore’s GDP up 7.2% in 2021; strong Q4 growth brings upside risks to 2022 forecasts

SINGAPORE’S economic recovery ended 2021 on a stronger-than-expected note, stoking optimism among private sector economists – though most are sticking to their forecasts for 2022, for now. In the year ahead, high vaccination rates should support further reopening and lessen the risk of disruptive restrictions, while the recovery broadens across the services sectors, said economists. […]

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Cambodia: FTB Officially Launches Tax Payment Services

Foreign Trade Bank of Cambodia (FTB) has officially launched its tax payment services to customers or entities to pay all kinds of tax to General Department of Taxation (GDT) and General Department of Customs and Excise of Cambodia (GDCE). FTB has proudly announced that the General Department of Taxation and General Department of Customs and […]

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