DESPITE a weaker-than-expected second quarter, Thailand’s economy is expected to continue growing in the second half of the year as tourism picks up, the central bank said on Tuesday, suggesting gradual policy tightening may continue. Second-quarter growth missed the central bank’s forecast due to lower-than-expected private investment and inventories, but other elements overall were better […]
Read MoreThe new tri-country freight train, or ASEAN express, between Malaysia, Thailand and Laos will begin operating in October of this year. The Star reports that Keretapi Tanah Melayu Berhad (KTMB), the railway operator company, tested the new railway last week via a dry run to test all aspects of the line and to prepare for the commercial […]
Read MoreDESPITE a moderation in Vietnam’s July exports this year, Moody’s Analytics is positive on the country’s prospects as it remains a beneficiary of investment inflows redirected from policy uncertainties in China. Vietnam is also the only Asia-Pacific (Apac) economy to experience a significant upward revision to GDP (gross domestic product) growth forecasts by Moody’s Analytics, […]
Read MoreCambodia’s national council on minimum wage on Monday began to discuss the annual increase of monthly minimum wage for the garment, footwear and travel goods industry for 2023, according to a statement from the council. The first of a series of meetings was participated by Labor and Vocational Training Minister Ith Samheng, representative of the […]
Read MoreTHE Philippine central bank will sustain its rate-hike cycle this quarter, following a surprise move in July, to quell broadening price pressures, according to Bloomberg survey of economists. The benchmark interest rate is expected to increase by another 75 basis points to 4 per cent by the end of September, a survey showed. Bangko Sentral […]
Read MoreThe government should allow manufacturers to increase the price of some consumer goods, the Thai Wholesale and Retail Trade Association said. The association’s president Somchai Pornrattanacharoen said on Monday that market mechanisms and tight competition only allow manufacturers to increase the price very slightly. However, he said, the manufacturing costs have been on the rise, […]
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