MANILA, Philippines — The country’s budget shortfall may return to expansion mode this year, rising to about P1.7 trillion as government revenues will likely take a beating from the expected economic slowdown, according to an analyst. Union Bank of the Philippines chief economist Ruben Carlo Asuncion said the bank’s updated fiscal deficit forecast stood at […]
Read MoreCambodia’s international trade decreased 14.5 percent to $11.3 billion in the first quarter of 2023, according to a report from the General Department of Customs and Excise yesterday. Cambodia exported a total of $5.4 billion worth of goods from January to March this year, a decrease of 5.7 percent from the same period last year, […]
Read MoreThe main export items include dragon fruit, banana, rambutan, watermelon, cassava, and mangosteen. LÀO CAI — Export-import activities via the Lào Cai border gate in the northern border province of Lào Cai thrived in the first quarter of this year and reached nearly US$186 million, reported the local customs agency. The value of exports reached $92.4 million, up 90.1 […]
Read MoreThailand’s economy is expected to grow 3.6% this year, Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said on TV channel JKN-CNBC on Monday. “The economy is resilient and is able to withstand multiple shocks,” Sethaput said. The BoT last month raised interest rates a quarter a percentage point to 1.75%. The central bank has raised its […]
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 MoreAs travel continues to recover post-pandemic, nights booked in Thailand on Airbnb more than doubled last year from 2020, according to data compiled by the accommodation-sharing platform operator. International travel is leading the way, with Bangkok emerging a top destination of choice for global travellers. The capital was the No.1 trending destination globally for Airbnb guests in […]
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