With a long holiday slated for next week, Pattaya and Rayong tourism operators do not expect an influx of domestic tourists as people’s purchasing power has dried up since the Songkran festival. Sanpech Supabowornsthian, president of the Thai Hotels Association’s eastern chapter, forecast the occupancy rate in Pattaya would hover around 65-70% during the upcoming holidays, comprising […]
Read MoreHO CHI MINH CITY: Vietnam’s economic recovery remains challenged with exports being hit hard by weakening global demand, experts say. Speaking at a meeting in Ho Chi Minh City, Industry and Trade Minister Nguyen Hong Dien said exports have steadily decreased in most industries, including garments, agriculture, forestry, fishery and wood processing. “Local exporters have […]
Read MoreThailand’s manufacturing production index (MPI) in March contracted 4.56% from a year earlier, as a global economic slowdown hurt exports, the Industry Ministry said on Friday. The figure compared with a forecast in a Reuters poll for a fall of 3.65%, and came after February’s revised 2.38% year-on-year decline. Output in the first quarter dropped 3.94% […]
Read MoreSINGAPORE’S employment levels grew for the sixth consecutive quarter in Q1 2023, led by non-resident employment growth, but labour market improvements have moderated, going by advance figures from the Ministry of Manpower (MOM) on Friday (Apr 28). Retrenchments rose for the third straight quarter, even as unemployment rates stayed low. Total employment – excluding migrant […]
Read MoreNever have consumer loans been in difficulty as recently. The demand of borrowers was great, but finance companies did not dare to increase lending because of worry about the difficulty for debt collection. HÀ NỘI — It is critical to develop a proper legal framework for consumer credit to protect the legitimate rights of both […]
Read MoreSINGAPORE: Wages of Singaporeans and permanent residents are likely to go up at a slower pace in 2023, as workers continue to enter the country and overall demand for labour softens as the economy slows. But while wage growth is expected to ease further, it will stay above its historical average, said the Monetary Authority […]
Read More
Thailand
