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Moody’s raises Philippines 2023 growth target to 6.1%

MANILA, Philippines — The research arm of the Moody’s Group has raised its 2023 growth forecast for the Philippines to 6.1 percent from the previous target of 5.7 percent, making the country the fastest growing economy in the region. Steven Cochrane, chief economist for Asia Pacific at Moody’s Analytics, said the Philippines, India, China and […]

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Laos Seals MOU With Chinese Firm for Development of That Luang SEZ

To attract more investment to the That Luang Lake SEZ, the Special Economic Zone (SEZ) Office in Laos signed an agreement with Huangpu Renewable Resources Utilization Company and Lao That Luang Investment and Development Company Limited last week. The agreement was signed by Mr. Chen Guangbiao, Chairman of Huangpu Renewable Resources Utilization Company Limited, Mr. Sonepaseuth Daravong, […]

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US remains Cambodia’s largest export market

The United States remained Cambodia’s largest export market in the first five months of this year, according to the General Department of Customs and Excise (GDCE)’s report. The report of GDCE, under the Ministry of Economy and Finance, showed that the Kingdom’s total exports to the US reached $3.19 billion during the first five months […]

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Thailand records 11.4m foreign tourists

Thailand received 11.4 million foreign tourist arrivals from January to June 11, and saw spending of 472 billion baht (UScopy3.67 billion), the Ministry of Tourism and Sports said in a statement on Tuesday. The tourist numbers surpassed the 11.15 million in the whole of 2022. Source: https://www.bangkokpost.com/business/2590979/thailand-records-11-4-million-foreign-tourists-from-january-to-june-11

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