MANILA, Philippines — After suffering the worst contraction in decades last year, the Philippine economy is expected to grow by as much as eight percent this year, well above government targets, according to Oxford Economics. Oxford Economics’ latest growth projection for the Philippine economy was an upward revision from its previous growth target of 7.7 […]
Read MoreConsumer spending power is expected to gradually recover in the second half this year, helped by mass distribution of Covid-19 vaccines, the reopening of the country to foreign tourists, and the government’s stimulus measures, according to giant retail players. Sompong Rungnirattisai, chief executive of Ek-Chai Distribution System Co, the operator of Lotus hypermarket chain, said […]
Read MoreAsian stock markets, including the Stock Exchange of Thailand (SET), are increasingly attracting foreign funds as investors shift away from lower-yield US 10-year bonds because of signs of increasing inflation. The foreign fund inflows are expected to greatly benefit large-cap stocks as foreign investors prefer stocks with high liquidity, while analysts are waiting for more […]
Read MoreDeputy Chief Financial Officer of the Phnom Penh Special Economic Zone (PPSEZ) Wong Pang Nam said the company is still waiting for the Securities and Exchange Regulator of Cambodia (SERC) to approve its share buyback plan. He added that the company has submitted all required documents to the securities and exchange regulator, saying: “Once we […]
Read MoreDespite an improved GDP growth forecast propelled by improving global economic growth and continued government stimulus packages, domestic demand will be slow to recover because of sluggish foreign tourist revenue and permanent damage, says an economic think tank. Thailand’s economy is forecast to expand by 2.6% this year, up from 2.2% projected previously, as export […]
Read MoreE-commerce websites will be given ratings to increase customers’ trust in purchasing and payment activities in the online environment. This is one of the solutions the Vietnam e-Commerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade (MoIT) has proposed to promote the development of the e-commerce market in 2021-25. According to the ministry […]
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Thailand
