A total of 481,582 international visitors flew into Cambodia in the first quarter of 2023, a 5.5-fold year-on-year increase from 86,976, but still 37.07 per cent of the 1,299,122 registered during the equivalent three-month period in 2019, according to the Ministry of Tourism. Air arrivals accounted for 37.29 per cent of the Kingdom’s 1,291,539 total […]
Read MoreSET-listed Asian Sea Corporation, a Thai frozen food producer, and its subsidiary Asian Alliance International (AAI) are ready to move their production base to Vietnam or the Philippines if the new coalition government raises the daily minimum wage to 450 baht. President and chief executive Somsak Amornrattanachaikul said the group is preparing to relocate its production […]
Read MoreThailand must bolster its revenue collection in the long term to meet growing public spending needs stemming from an ageing population, according to the World Bank. Government expenditure on pensions, healthcare, education and climate adaptation will need to increase and this must be achieved without constraining economic growth and keeping public debt under control, the bank […]
Read More[HO CHI MINH CITY] The slowing pace of inflation in Vietnam since January will give the country’s central bank further room to lower borrowing costs to support struggling businesses, said analysts on Monday (May 29). The State Bank of Vietnam (SBV) bank has already cut its key policy rates three times this year alone. The […]
Read MorePHILIPPINE headline inflation could ease early next year below the central bank’s goal of 2 per cent to 4 per cent, governor Felipe Medalla said, giving monetary authorities leeway on monetary policy. “The most extreme will be January – we might go below 2 per cent, not because prices have dropped but because the comparative figure […]
Read MoreANN/THE STRAITS TIMES – A new low for the Thai baht looms and not even a rate hike by the central bank is likely to halt its slide. The Asian currency weakened for its third straight week against the United States (US) dollar, closing at 34.77 on Friday and heading towards February’s year-to-date low of […]
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Thailand
