GROSS domestic product (GDP) growth for the Philippines in the third quarter this year is seen slowing down to the 5.9-percent to 6.6-percent range. The Bangko Sentral ng Pilipinas said in its latest Monetary Policy Report that the country’s GDP growth would settle within the revised 6.5- to 7.5-percent target set by the Cabinet-level Development […]
Read MoreSpending at this year’s annual vegetarian festival, scheduled to run from Sept 26 to Oct 4, is expected to improve compared with tepid spending in 2021, when the pandemic was still raging. According to the latest survey by the University of the Thai Chamber of Commerce (UTCC), spending during the festival is expected to increase […]
Read MoreShopee, operator of Southeast Asia’s largest e-commerce platform, laid off a number of employees in China on Monday, as its New York-listed and Singapore-based parent company Sea Limited continues to trim its global payroll following steep losses. In a statement released on Monday, Shopee said the job cuts were part of its ongoing efforts to “optimise operating […]
Read MoreMalaysia’s exports increased by 48.2 per cent year-on-year to RM141.3 billion (S$457 million) in August, driven by higher exports of electrical and electronic (E&E) products, petroleum products, optical and scientific equipment as well as machinery, equipment and parts. The exports growth exceeded an earlier forecast of 34.4 per cent, according to 13 economists surveyed by […]
Read MoreKrungthai Compass, a research unit under Krungthai Bank, expects the minimum wage increase to reduce the number of poor workers, improve their income, and broadly support long-term Thai economic growth. The proportion of low-income labourers who live below the country’s poverty line, earning 2,726 baht per head per month under the National Economic and Social Development Council’s […]
Read MoreThe increasing use of mobile banking by Cambodians has been driving financial transactions to be more efficient, more convenient and faster, the Ministry of Economy and Finance said. The banking sector in Cambodia has grown rapidly over the last two decades and continues to develop strongly, the ministry said in an announcement issued recently. “During […]
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Thailand
