The World Bank’s latest Global Economic Prospects report suggests Laos will see economic growth of 4.5 percent in 2022 and 4.8 percent in 2023. The global economy is entering a pronounced slowdown amid fresh threats from Covid-19 variants and a rise in inflation, debt, and income inequality that could endanger recovery in emerging and developing […]
Read MoreA World Bank released on January 12, 2022, said that Cambodia’s economic growth this year is expected to reach 4.5 percent this year and is projected to grow further to 5.5 percent in 2023. The economies of Cambodia, Malaysia, the Philippines and Thailand, which depend on tourism, are not expected to recover to previous levels, […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has decided to maintain its GDP growth forecast at 3-4.5%, believing the government will not reimpose harsh lockdown measures and looking forward to better tourism prospects in the second quarter. The rapid spread of the Omicron Covid-19 variant recently caused concern over a possible new […]
Read MoreMANILA, Philippines — Local car and truck makers ended 2021 with sales growing by a fifth from a year ago, as monthly sales reached their highest level in December since the pandemic hit the country. A joint report released yesterday showed the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association […]
Read MoreThe increasing demand for services for the elderly has created investment and business opportunities for local and foreign investors. The Viet Nam Chamber of Commerce and Industry (VCCI) in HCM City and the United Nations Population Fund (UNFPA) launched the Network for the Development of Business Services for Older Persons in Viet Nam. According to […]
Read MoreThe new 300-baht tourism fee due to take effect in April is drawing mixed reactions from tourism operators as the recovery remains tepid and fragile. “If the country wants to welcome back tourists, the tourism fee has to be put off until at least 2023 as the sector has to be rebuilt from the ground […]
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Thailand
