The Tourism Council of Thailand (TCT) is more optimistic about Chinese travellers returning after the country slashed its quarantine length in half and gave Thai airlines permission to resume two flights to China per week. TCT vice-president Vichit Prakobgosol said even though hopes of a full return of the Chinese tourist market remain limited, with […]
Read MoreHigh Covid-19 vaccination rates and free trade agreements (FTAs), namely the Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China FTA (CCFTA), have been helping boost Cambodia’s economic recovery, said a World Bank economic update report released on Thursday. Cambodia’s economy will grow by 4.5 percent in 2022 and around 6 percent annually for the medium […]
Read MoreMANILA, Philippines — A change in government yesterday failed to excite the stock market as scorching inflation, a weakening peso, and prospects of bigger rate hikes continue to send jitters to investors. The benchmark Philippine Stock Exchange index (PSEi) ended at 6,155.43, down 147.76 points or 2.34 percent, to stumble further in the red yesterday. […]
Read MoreBanking and financial institutions in Cambodia provided $50.7 billion of credit in the first quarter of this year to the private sector in the Kingdom for investment and economic activities, according to the figures released yesterday by National Bank of Cambodia (NBC). The figures show that the amount of credit released has increased by 22.4 […]
Read MoreMANILA, Philippines — The Philippines is expected to post the strongest economic growth in Southeast Asia this year as domestic demand continues to recover even amid rising inflationary pressures. GlobalData, a leading data and analytics company in the UK, said gross domestic product (GDP) in the country would likely grow seven percent this year from […]
Read MoreThai Honda Co, a manufacturer and distributor of multi-purpose engines, plans to increase production to 300,000 units to serve the domestic market within 2026, following a drop in its sales due to the Covid-19 impact. Demand for the company’s products is growing, marking a good business prospect, said general manager Sampan Kwanjai. “Demand began to […]
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