Thai tourism this year is likely to be at an all-time low as international arrivals may reach just 1 million, while domestic tourism could plunge to 50-60 million trips if the worsening Covid-19 situation demands lockdown last for up to three months, according to the Tourism Authority of Thailand (TAT). Despite reopening for vaccinated international […]
Read MoreThe Bank of Thailand predicts the government’s tougher measures to contain new infections will lessen economic activity by a range of 0.8 to 2 percentage points. The best-case scenario would see GDP fall by only 0.8 percentage points, said the senior director for the economic and policy department, Chayawadee Chai-Anant, while the worst case would […]
Read MoreSINGAPORE consumer prices rose for the sixth straight month in June, as higher transport and housing costs offset the steeper fall in the cost of retail and other goods. Headline inflation of 2.4 per cent was unchanged from the reading in May, though it missed the median increase of 2.5 per cent forecast in a […]
Read MoreVietnam is expected to move to a group of upper-middle-income countries by 2025. Vietnam targets an average GDP growth of 6.5-7% in the 2021-2025 period as the country continues to set eyes on rapid and sustainable economic development. Minister of Planning and Investment Nguyen Chi Dung addressed the government’s five-year socio-economic plan at a sitting […]
Read MoreA bank analyst said the country’s fiscal authorities may need to reassess their present debt-to-gross domestic product (GDP) reduction strategy as credit downgrades loom. In a Thursday commentary, ING Bank Manila senior economist Nicholas Antonio Mapa noted that Fitch Ratings highlighted the scarring effects of the prolonged downturn in economic activity as well as how weak growth could affect […]
Read MoreKUALA LUMPUR: The country’s inflation rate, as measured by the Consumer Price Index (CPI), rose by 3.4% in June, due to higher fuel prices when compared with a year ago, but the increase was lower than a survey of 3.5%. Thirteen economists polled by Reuters had forecast the index to increase 3.5% year-on-year. The index […]
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Thailand
