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Thailand: Slowing exports pressure growth

A higher risk of slowing exports amid a global economic slowdown will pressure Thai economic growth this year, despite positive growth of the tourism sector, says an executive of the Bank of Thailand. Even though the tourism recovery is a key factor supporting economic expansion in 2023, Thailand’s economy will feel the pressure from the export slowdown, […]

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Cambodia exported $900M bicycles in 2022

Cambodia earned $900 million from the export of bicycles in 2022, which is an increase of 43 percent over the $631 million reported for 2021, according to a report by the Ministry of Commerce. Target markets for Cambodia’s bicycle export include the United States, Germany, the United Kingdom, Japan, China, ASEAN, Belgium, the Netherlands, Austria, […]

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Thailand: December MPI marks the lowest level in 28 months

Thailand’s Manufacturing Production Index (MPI) fell by 8.19% year-on-year in December last year to 93.98 points, the lowest level in 28 months, as the world economy contracted. The full-year MPI managed to climb 0.62% year-on-year to 98.32 points, said Warawan Chitaroon, director-general of the Office of Industrial Economics (OIE). “Many countries grappled with the economic slowdown […]

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