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Thailand: BoT calls for stable policies

Public confidence is more important than the new face of the upcoming coalition government and the new prime minister, while policy normalisation and the stability of fiscal and monetary policies are still required from the new government rather than economic stimulus, according to the governor of the Bank of Thailand. Confidence would resume given the […]

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Malaysia’s trade slips 16.3% to RM222.14bil in June

KUALA LUMPUR: Malaysia’s overall trade contracted 16.3% in June 2023 to RM222.14bil as compared to a year ago as the value of shipments exchanged with its major trading partners remained on a slide. According to the Ministry of Investment, Trade and Industry (Miti), the decline in trade value was owing to a 14.1% drop in […]

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Cambodia: Tourism recovery in full swing, says ADB

The tourism recovery is in full swing in Asia and the Pacific, including Cambodia, according to the Asian Development Outlook (ADO) July 2023, released yesterday. The sample was restricted to economies where tourism accounted for at least five percent of gross domestic product in the latest year with available data. “Revenge travel continues to lift […]

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Alibaba injects $845m into SE Asia unit Lazada

SINGAPORE: Alibaba Group Holding Ltd injected US$845 million into Lazada, its online retail business in Southeast Asia that is facing intensifying competition from rivals such as Sea Ltd and Amazon.com Inc. The capital infusion, disclosed in a regulatory filing in Singapore on Wednesday, brings the total that Alibaba has invested in the arm to several […]

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