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Laos Reports Inflation Rate of 40.30 Percent in January

The country’s inflation rate increased by 1.03% from December 2022, according to the Lao Statistics Bureau (LSB). The main factors contributing to the surge was the ever-rising price of fuel, gas, and other imported products, combined with the continued depreciation of the LAK currency. Laos also reported an average inflation rate of 23 percent last year, which was a […]

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Mice scurry back to Thailand

Tourism has flourished since Thailand fully reopened in the second half of last year. For business travel, the sector known as Mice (meetings, incentives, conventions and exhibitions) saw a big leap after Thailand hosted the Asia-Pacific Economic Cooperation (Apec) summit in Bangkok, with many hotels getting a boost from this segment. The Thailand Convention and Exhibition […]

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Indonesia’s GDP grew 5.31% in 2022, back to pre-COVID level

JAKARTA — Indonesia’s economy returned to pre-pandemic growth in 2022, as the government eased COVID restrictions and businesses got back into gear. Southeast Asia’s largest economy grew 5.31% in 2022 from a year earlier, government data showed on Monday, up from a 3.69% expansion in 2021. Indonesian President Joko “Jokowi” Widodo had previously forecast growth of 5.2% […]

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