Thailand’s Manufacturing Production Index (MPI) fell by 8.19% year-on-year in December last year to 93.98 points, the lowest level in 28 months, as the world economy contracted. The full-year MPI managed to climb 0.62% year-on-year to 98.32 points, said Warawan Chitaroon, director-general of the Office of Industrial Economics (OIE). “Many countries grappled with the economic slowdown […]
Read MoreVietnam receives total US$19 billion worth of remittances in 2022, up 5.5% on-year. Vietnam received a total of $19 billion in remittances in 2022, ranking it 10th in the world, according to a report by the Global Knowledge Partnership on Migration and Development (KNOMAD). This position represents an increase of one place with respect to […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas is keeping its eyes peeled on consumer price growth at the start of 2023, as its projection left room for an uptick in January. In a statement on Tuesday, the BSP projected inflation would land between 7.5-8.3% in January. This means that this month’s reading could see […]
Read MoreThe likely slowdown in the United States and European countries, which are major export markets for Cambodian garments, might adversely affect the prospects of the sector this year, according to a financial expert. “In its latest Global Economic Prospects report released in January 2023, the World Bank has cut its growth forecast for the US […]
Read MoreThai fuel consumption rose by 13.5% last year, driven by the easing of the Covid-19 pandemic, full reopening of the country and economic recovery, says the Department of Energy Business (DOEB). Last year saw the full resumption of air and land transport inside and outside Thailand, without travel restrictions imposed under lockdown measures, said Nanthika Thangsupanich, director-general […]
Read More
Thailand
