MANILA, Philippines — Foreign trade expanded at a faster clip in November but the trade deficit widened amid the country’s economic reopening. External trade grew 24% year-on-year to $17.25 billion, the Philippine Statistics Authority reported on Tuesday. This was faster than the 15.2% recorded in October and a reversal from the 6.6% contraction recorded in the […]
Read MoreDespite a modest improvement in the Covid-19 situation in Cambodia, the number of new projects outside of special economic zones (SEZ) approved by the Council for the Development of Cambodia (CDC) saw a sharp decline in January-November 2021 compared to the same period a year earlier. The CDC agreed to issue final registration certificates for […]
Read MoreRetailers have called for more stimulus packages to spur spending and continued cost-reduction programmes through subsidies on power and water bills, lending rates and expenses related to the Covid-19 pandemic. According to Chatrchai Toungratanaphan, Thai Retailers Association’s vice-president, the government should introduce stimulus packages like the ‘Shop Dee Mee Khuen’ (shop and payback) scheme which […]
Read MoreIncreasing orders for footwear and travel goods from international markets and the opening of new factories in the Kingdom have contributed to labour shortages in the sector, according to Cambodia Footwear Association (CFA) president Ly Kunthai. Overseas orders for Cambodian footwear last year were up by around 30 per cent year-on-year, with a more pronounced […]
Read MoreEven though the tourism industry has started to see optimism from the country’s reopening on Nov 1 last year, a fresh whiplash in travel sentiment from Omicron variant has put the brakes on recovery prospects in 2022. There remain challenges for business to quickly adapt to weather the storm. The most likely scenario for Thai […]
Read MoreThree popular beach destinations have been added to a visa programme that allows foreign visitors to bypass a mandatory isolation, throwing a lifeline to the country’s Covid-hit tourism industry seen as key to a nascent economic recovery. Starting Tuesday, vaccinated foreign tourists can enter Krabi, Phang Nga, and Koh Samui in addition to Phuket under […]
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Thailand
