The Economic Intelligence Service (EIS), a research arm of the Thailand Development Research Institute (TDRI), forecasts a better second half for the Thai economy, driven by increased tourism and domestic consumption, although the political instability would need to be monitored. The EIS predicts Chinese arrivals to Thailand will increase by 3-4 times the level recorded in […]
Read MoreMANILA, Philippines — The United States Department of Agriculture (USDA) has identified the Philippines as a key contributor to the anticipated rise in global rice consumption next year. In a report, the USDA said it forecasts global rice consumption to increase in marketing year 2023-2024 to 523.772 million metric tons from the previous forecast of […]
Read MorePETALING JAYA: An uneven global economic slowdown is seen in the second half of 2023 (2H23) with a recession in the United States likely in the fourth quarter (4Q23), according to CGS-CIMB Research. It expects China to see a soft rebound, while the European Union may fare better than previously expected although Germany had already […]
Read MorePETALING JAYA: Malaysia’s industrial output contracted in April amid the deterioration in export-oriented industries and slower domestic economic growth. According to the Statistics Department, the country’s industrial production index (IPI) fell 3.3% year-on-year (y-o-y) in April 2023, after growing 3.2% y-o-y in the preceding month. The decline in the April IPI was driven by contraction […]
Read MorePrivate sector is playing a key role in the digital transformation of the economy and society in Cambodia besides creating jobs, said Sok Puthyvuth, Secretary of State, Ministry of Post and Telecommunications, recently. While giving the keynote address at TechFin Future Conference 2023, organized by the Indian Chamber of Commerce (InCham) in Cambodia, recently, Puthyvuth […]
Read MoreMANILA, Philippines — The Philippines’ average gross domestic product (GDP) growth may drop below five percent in the second half due to higher interest rates, according to Japanese financial giant Nomura. Nomura economist for ASEAN Euben Paracuelles and analyst Rangga Cipta said the Philippine economy may grow by an average of 4.9 percent in the […]
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Thailand
