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Thailand: EIC downgrades growth forecast for 2023

The Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank, has slashed its 2023 GDP growth projection for Thailand due to the global economic slowdown and the increased likelihood of a recession in developed economies. The research house has downgraded the country’s GDP growth rate for next year to 3.4%, from the previous forecast […]

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Thailand: Tourist arrivals set to slow next year

The tourism sector might be challenged by a slow market in the second quarter next year as there will be no more pent-up demand which fuelled the market this year, according to the Tourism Authority of Thailand (TAT). The TAT is preparing to hold a special event called “Amazing Thailand 10 Million Celebrations” on Dec 10 […]

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Philippines: Engineers’ group calls for wage increase to address inflation, arrest ‘brain drain’

MANILA, Philippines — An engineers’ group on Tuesday called on companies to give higher compensation to engineers and scientists, especially for entry-level workers, to help them keep up with the rising cost of living in the country and to retain top talent. Pro-People Engineers and Leaders (PROPEL), an organization composed of engineers and those promoting the […]

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