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Thailand: Consumers eager to spend on health

Some 70% of consumers in Asia-Pacific are willing to increase their spending on health and wellness as they become more health-conscious following the pandemic, according to a recent survey. The Asia-Pacific Health Priority Survey, conducted by the US supplement distributor Herbalife, found interest in health improvement is most apparent in Southeast Asia, especially in Thailand, Indonesia, the […]

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Grab Thailand to break even before Q4

Grab Thailand, the local operation of the Southeast Asian super application, plans to break even before the fourth quarter as it sees itself on a path to group profitability through its “One Grab” synergy. The company has also joined forces with the Tourism Authority of Thailand (TAT) to attract more tourists and help the country reach […]

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Singapore economy beats estimates but govt warns of global risks

SINGAPORE, Singapore — Singapore’s economy posted better-than-expected results in the first quarter of 2023, official data showed Thursday, but the government warned that the global outlook remains gloomy. The Southeast Asian city-state’s economic performance is often seen as a barometer of the global environment because of its reliance on international trade. Its economy expanded by […]

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Cambodia: Electric gear exports retain spark with 94% Jan-Apr jump

Cambodia earned $979.060 million from the export of “electrical, electronic equipment” in the first four months of 2023, up 94.24 per cent year-on-year from $504.039 million and up 36.72 per cent half-on-half (compared to July-October 2022) from $716.11 million, according to provisional Customs (GDCE) data in “International Merchandise Trade Statistics” bulletins. This category of items, […]

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Malaysia: RM71.4bil investments approved in first quarter

KUALA LUMPUR: Malaysia approved RM71.4bil worth of investments in the first quarter of 2023 and the Malaysian Investment Development Authority (Mida) says the country attracted more foreign direct investments (FDIs) than domestic direct investments (DDIs) in the period. “FDI contributed RM37.5bil, representing 52.5% of the total approved investments, while DDI accounted for RM33.9bil, or 47.5% […]

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Philippine budget surplus balloons in April

MANILA, Philippines — The Philippines posted a budget surplus for the second straight month in April, ballooning to P66.8 billion or 13.5 times the surplus recorded in the same period last year, as the acceleration in revenue collection outstripped the growth in government expenditures, according to the Bureau of the Treasury (BTr). Last month’s surplus […]

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