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Philippines: Economic growth may slow this year

MANILA, Philippines — The Philippine economy is expected to grow at a slower pace of six percent this year amid risks such as slower global growth, high inflation and rising interest rates. During a briefing by First Metro Investment Corp. (FMIC), University of Asia and Pacific (UA&P) economist Victor Abola said the economy is expected […]

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Vietnamese leads Southeast Asia in online shopping

Vietnamese purchases of goods online and the value of online orders both increased significantly in 2022, according to market analysis firms. To prepare for the 2023 Tet holiday, Nguyen Thi Ngoc in Thanh Xuan district, Hanoi, has ordered 4 kilograms of maize vermicelli made in Cao Bang and mushroom and bamboo shoots via Postmart, an […]

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Thailand: Baht surges to its strongest level in 10 months

The bath strengthened to 33.06 per United States dollar on Friday morning, the highest level in 10 months, according to Kasikorn Research Center (KRC). The Thai currency appreciated from 33.36 to the dollar when the market closed on Thursday, centre’s research executive Kanchana Chokpaisarnsilp said.  The stronger baht came after the inflation, measured by the […]

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Cambodia’s GDP to grow at 6% in 2023, says NBC

The National Bank of Cambodia (NBC) has forecasted that the country’s Gross Domestic Product (GDP) is expected to grow around 6 percent in 2023, said the latest report released by NBC. The growth would be supported by garment and non-garment manufacturing products that are estimated to grow by 6.9 percent and 14.3 percent respectively. The […]

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