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Thailand: Digital spending to grow 9%

Digital advertising spending is expected to continue to grow in 2022, though by a smaller margin than the 18% surge recorded last year amid concerns about the weak economy, according to the Thailand Digital Advertising Spend Report. The report was jointly commissioned by the Digital Advertising Association of Thailand (DAAT) and market research and consulting […]

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Philippines: Debt challenge awaits next administration

MANILA, Philippines — The next Philippine president could become unpopular to taxpayers, both rich and poor, as the new government would have to resort to tax reforms and spending cuts to avert a potentially disastrous debt crisis. The Duterte administration will pass on the largest outstanding debt, as measured against gross domestic product (GDP), in […]

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Depreciation of Lao kip impacts people’s livelihoods

The Lao kip has continued to depreciate over the past week against the US dollar and the Thai baht, propelled by a supply-demand mismatch. Meanwhile the deposits in foreign currencies increased from 60.78217 trillion kip ($5.2 billion) in June 2021 to 75.39539 trillion kip in December 2021, according to the Bank of Lao PDR’s (BoL) […]

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Philippines: Short-term measures eyed to tame inflation

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has urged Malacañang to pursue several initiatives, including expanding social interventions and trimming import duties, to tame inflation in the short term. BSP Governor Benjamin Diokno said the central bank finds no reason yet to hike interest rates to hold off inflationary pressures caused by rising […]

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