Textile and garment export value in the first quarter of 2023 decreased 17 per cent on-year to US$7.1 billion due to the impact of global. HÀ NỘI — Textile and garment export value in the first quarter of 2023 reached US$7.1 billion, down 17 per cent compared to the same period in 2022, due to the […]
Read MoreEconomic growth in Southeast Asia is forecast to drop from 5.6% in 2022 to 4.6% this year, pressured by weaker demand as the global economy slows, says the Organisation for Economic Co-operation and Development (OECD). According to the OECD’s Economic Outlook for Southeast Asia, China, and India 2023 report, Thailand’s economic growth is projected to increase from […]
Read MoreMANILA, Philippines — The Philippine economy expanded at a slightly slower pace in the fourth quarter last year than initially reported, the Philippine Statistics Authority (PSA) said. “The fourth quarter 2022 gross domestic product (GDP) growth rate was revised downward to 7.1 percent from 7.2 percent,” the PSA said. Meanwhile, it said full-year 2022 and […]
Read MoreVIENTIANE: The arrival of Chinese visitors is “a boon” for businesses that depend on tourism, says Noy Savanh, a food vendor at a night market in this capital city. “Chinese tourists are valued guests in terms of their large number and strong spending power,” Noy said. “I believe that the cross-border passenger service on the […]
Read MoreVietnam’s banking system is showing signs of returning to a period of money surplus. HANOI — Vietnam’s banking system is showing signs of returning to a period of money surplus as no bank needs the State Bank of Vietnam’s (SBV) capital in the open market operation (OMO) channel and overnight interbank interest rates have dropped sharply. Though the SBV […]
Read MoreNational Bank of Cambodia has been consistently taking steps to increase the use of riel in different parts of the country. There have been encouraging signs in the usage of riel by different sections of society in their day-to-day life. However, the world economy, which showed signs of recovery for a while after the devastating […]
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Thailand
