Grab has unveiled new features aimed at boosting safe, seamless tourism with what it calls hyperlocal experiences as Southeast Asia enjoys a strong travel rebound. The new features will be available by the middle of this year, said Russell Cohen, Grab’s group managing director of operations, during a media briefing on Monday. He pointed out that travel […]
Read MoreCargo ships carrying 18 tons of Orah mandarin oranges departed from Qinzhou Port, a part of Beibu Gulf Port in Guangxi Zhuang autonomous region, in late March, marking the very first batch of the sweet fruit exported via this sea route. With the support of cold chain logistics, the local delicacy of Nanning, capital of […]
Read MoreSoaring energy prices and a stalling US economy have emerged as potential downside risks that could dampen growth in Asean+3 economies, according to the Singapore-based Asean+3 Macroeconomic Research Office (Amro). According to an Amro report published recently, China’s reopening would help support the region’s growth this year, but external demand is expected to be pressured by signs […]
Read MoreSYDNEY – The US-led banking turmoil is driving money into Asian assets, with investors betting that China and the region’s emerging economies are in a better position to weather the fallout. A Citibank analysis of global financial conditions shows Asian financial markets have tightened less than in the United States and most Asian currencies have gained ground against the […]
Read MoreEconomic growth in Southeast Asia is forecast to drop from 5.6% in 2022 to 4.6% this year, pressured by weaker demand as the global economy slows, says the Organisation for Economic Co-operation and Development (OECD). According to the OECD’s Economic Outlook for Southeast Asia, China, and India 2023 report, Thailand’s economic growth is projected to increase from […]
Read MoreSoutheast Asia’s fourth-largest economy sees inflation hit 8.6 percent, far above Thailand, Indonesia and Vietnam. Manila, Philippines – Emelie Ann Ducabo, 57, a married mother and sales worker in Metro Manila, has been forced to become an expert in pinching pennies to feed the seven members of her household. At the market, Ducabo buys pork, fruit […]
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