Laos has recorded one of the highest rates of economic growth in Southeast Asia over the past two decades, but few jobs have been created. According to the World Bank’s latest economic update, Laos’ GDP growth averaged 7.5 percent a year between 2000 and 2018, with trade growing at an average rate of 17 percent […]
Read MoreKUALA LUMPUR, Jan 5 — Malaysia’s gross domestic product (GDP) is projected to moderate to 3.9 per cent in the first quarter of 2023 (1Q 2023) amid the risk of a global economic slowdown, said Kenanga Research. In a note today, the research firm said a global economic slowdown is likely to drag the country’s […]
Read MoreMANILA, Philippines (Update 1, 11:04 a.m.) — Inflation accelerated to its fastest pace in 14 years in December, with the national government missing its annual target for the second straight year amid a supply-demand imbalance that has stoked painfully high price growth. Inflation, as measured by the consumer price index, quickened to 8.1% year-on-year in December, the […]
Read MoreThe Federation of Thai SMEs is asking the government to draw more foreign tourists to second-tier provinces in a move to help drive local economies and support small and medium-sized enterprises (SMEs). The suggestion comes as Thailand prepares for the return of Chinese tourists after Beijing announced plans to reopen its borders on Jan 8. Authorities […]
Read MoreTrade ties between Cambodia and Indonesia are expected to rise further and cross $1 billion this year as the latter’s entry to the Regional Comprehensive Economic Partnership (RCEP) came into effect last Monday. Indonesia, the largest economy in Southeast Asia, put in place a new set of liberalised regulations for its trade with other members […]
Read MoreThe Ministry of Industry and Trade has been gathering feedback on a proposal of Vietnam Electricity Group (EVN) for increasing electricity prices. A spike in electricity prices will be weighed carefully, Deputy Minister of Industry and Trade Do Thang Hai said at a press conference on January 3. Currently, the adjustment cycle of electricity prices […]
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