TOKYO: Asia’s factory activity contracted in January as the boost from China’s Covid reopening had yet to offset headwinds from slowing US and European growth, surveys show, underscoring the fragility of the region’s economic recovery. A private sector survey showed that China’s factory activity shrank more slowly in January after Beijing lifted tough Covid curbs […]
Read MoreThe Cambodia Rice Federation has set an ambitious goal to export at least a million tons of milled rice by 2025, an over 50 percent increase compared to the export figure in 2022. By 2023, Cambodia is looking to reach milled rice exports of 750,000 tons, an 18 percent increase compared to exports of 637,004 […]
Read MoreMANILA, Philippines — The peso is likely to depreciate further for the third straight year in 2023, hitting the 57 to a dollar level anew, according to two global financial institutions. Divya Devesh, head of ASEAN and Southeast Asia FX Research at Standard Chartered Bank, said in a virtual press conference that the peso is […]
Read MoreBANGKOK: Thailand’s economy could grow as much as 4% this year, which would be the fastest rate in five years, bolstered by a rebound in the tourism sector and increased domestic consumption, the deputy prime minister says. Anticipated new investment will also help, Supattanapong Punmeechaow, who is in charge of economic affairs, told a seminar. […]
Read MoreWith the two-wheeler segment of the automotive sector logging rapid growth in Cambodia in recent years, the government has decided to focus on increasing backward linkages for locally assembled motorcycles to increase localisation and create job opportunities. Revenue in the motorcycles market is projected to be $150.90 million this year and is expected to expand […]
Read MoreMANILA, Philippines — Retail prices of goods in Metro Manila sustained its pace of growth in December from the previous month, according to the Philippine Statistics Authority (PSA). Data released by the PSA yesterday showed the year-on-year growth of the General Retail Price Index (GRPI) in the National Capital Region (NCR) remained at six percent […]
Read More
Thailand
