The Consumer Price Index (CPI) for the first eight months of 2021 picked up 1.79 percent year-on-year, the lowest increase for the same period since 2016, the General Statistics Office (GSO) announced on August 29. The August index edged up 0.25 percent month-on-month, and 2.82 percent year-on-year, largely owing to higher prices of food and […]
Read MoreMANILA, Philippines — Domestic tourism will likely start to recover as early as next year, but the rebound of foreign travel will have to wait until 2024, a global think tank said. In a report, UK-based Oxford Economics said domestic travel will be the saving grace of tourism in the Philippines and in the major […]
Read MoreVietnam’s overseas investment surged 74.1 percent year on year to $575 million in the first eight months of 2021, according to the Ministry of Planning and Investment. Cambodia in second place received 89.4 million new investments from Vietnam, while the US, the top destination with $302.8 million, making up 52.7 percent of the total, Laos, […]
Read MoreSmall and medium-sized enterprises (SMEs) continue facing the brunt of the economic fallout after the community outbreak with an Asia Foundation survey finding that nearly 50 percent of enterprises had closed as of April 2021. A similar survey conducted between July and November 2020 found that only about 13 percent of SMEs had closed. “A […]
Read MoreFrom Covid risks to talk of a reduction in US stimulus, there’s been no shortage of bad news for Asian currencies. An upcoming report on China’s manufacturing sector may add to the pressure. Traders are looking to Chinese factory data for clues on the global outlook after the world’s second-largest economy slowed more sharply than […]
Read MorePHUKET: Local tourism organisations have called for strict Covid-19 curbs to be relaxed to help with a quick recovery despite authorities struggling under the weight of a new surge of up to 200 infections a day. Thanet Tantipiriyakit, president of the Phuket Tourism Council (PTC), said the latest cases were not caused by tourists but […]
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Thailand
