MANILA, Philippines — A think tank argued that the 2023 budget will hamper the domestic economy’s chances of straddling global recession hurdles, especially since higher borrowing costs could stifle consumption around the country. UK-based Oxford Economics made the case in a commentary on Wednesday. “Lack of policy support is a key reason for our below-consensus […]
Read MoreThe Thai economy is set to bounce back from a surprising contraction in the fourth quarter of 2022 as foreign tourist arrivals are likely to surprise on the upside and counter headwinds to merchandise exports from a global slowdown, say leading economists. Southeast Asia’s second-largest economy will expand by 4% this year even after the “sharp […]
Read MoreWhy should I invest in Cambodia in 2023? The post-COVID era and the transition to 2023, despite a gloomy economic outlook, have seen investors searching for the who, what, and where when it comes to smart investment in the ASEAN region. While Cambodia’s recovery has been slow and steady, we talk through the reasons why […]
Read MoreIn the past two years, Cambodian agricultural products have entered the Vietnamese market. At times, Cambodia was even the largest supplier of agricultural products to Vietnam. Vietnam has great potential for agricultural production. The country’s export turnover of agricultural, forestry and fishery products has increased sharply every year. In 2022, Vietnam’s export revenue is estimated […]
Read MoreNew condo supply launched in central Bangkok this year should not be priced higher than existing inventory because a glut remains amid stagnant purchasing power, says a real estate consultancy. Artitaya Kasemlawan, head of residential sales projects at property consultant CBRE Thailand, said developers are set to launch new condo projects in downtown locations after freezing development […]
Read MoreExpand the list of visa-exempt countries to all EU countries and extend the visa exemption period from 15 to 30 days are among recommendations outlined in the European Chamber of Commerce in Vietnam’s 2023 Whitebook. Recommendations related to entry visa policies also include extending the period of the announced visa exemptions and new exemptions to […]
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