SINGAPORE – Singapore’s manufacturing recession worsened in February as production shrank for a fifth straight month, according to data released by the Economic Development Board on Friday. Factory output slumped 8.9 per cent year on year in February, after falling a downwardly revised 3.1 per cent in January. February’s contraction was worse than the 1.9 per cent […]
Read MoreDomestic car and motorcycle sales may bear the brunt if Thai financial institutions are affected by the risk of failed banks in the US and Europe, says the Federation of Thai Industries (FTI). The concern was raised after US and European banking executives and regulators stepped in to save California-based Silicon Valley Bank, New York-based Signature […]
Read MoreThe Ministry of Public Security (MPS) will propose to the National Assembly adding an amendment of the visa and e-visa policy to the National Assembly’s general resolution at the nearest upcoming session (May 2023). This will give a basis for the government to apply the plan to develop tourism, especially in attracting foreign travelers. At […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is optimistic the gross domestic product (GDP) will grow close to seven percent in the first quarter amid the series of rate hikes to tame inflation and stabilize the peso. According to BSP Governor Felipe Medalla, the central bank expects a GDP expansion of almost seven […]
Read MoreThe Prey Veng provincial leadership have expressed their commitment to building more transport infrastructure in both urban and rural areas to attract more visitors to the province. They described the province as having further tourism potential, but described the existing infrastructure as “limited”. Their commitment was made at a press conference on the provincial administration’s […]
Read MoreSET-listed WHA Corporation, the country’s largest developer of built-to-suit logistics facilities, is calling for the next government to take advantage of more foreign investment, especially from China, to boost technology transfers and local employment. Authorities should ensure foreign investment does not solely intensify competition with local entrepreneurs, said Jareeporn Jarukornsakul, chairman and group chief executive of […]
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Thailand
