The World Bank has downgraded its economic growth forecast for Thailand this year to 1% from its earlier forecast of 2.2%, said its senior economist for Thailand Kiatipong Ariyapruchya. He added that the Thai economy is now expected to return to its pre-pandemic level in 2023, later than the previous forecast of 2022. The tourism […]
Read MoreVietnam’s economy suffered a contraction of 6.17% year-on-year in the third quarter. Vietnam’s GDP growth in the first nine months of 2021 is estimated at 1.42%, lower than the 2.12% expansion rate recorded in the same period last year, according to the General Statistics Office (GSO). “The results, however, remain a “big success” given the […]
Read MoreChina’s plan to stop building coal-fired power plants in other countries is an opportunity for Cambodia to switch to a mix of sustainable options, according to speakers at an online climate conference.Cambodia Climate Change Summit 2021 was organised by Mekong Future Initiative and supported by the Ministry of Environment. One hot topic was Chinese President […]
Read MoreHaving contracted over the past two years, Thailand’s overall food exports are forecast to grow by 3-5% this year, boosted by the recovering economies of Thailand’s key trading partners, baht weakness and progress in vaccine production and inoculations. Visit Limlurcha, president of the Thai Food Processors Association, said the association is feeling optimistic that the […]
Read MoreMANILA, Philippines — The Philippines and India have signed a new and modernized air services agreement to further strengthen connectivity and mutual economic growth between the two countries. The air services agreement was signed by the Department of Transportation (DOTr) and the Indian Ministry of Civil Aviation on Monday. The DOTr said the agreement aims […]
Read MoreThe World Bank has revised its economic forecast for Cambodia down to 2.2 per cent this year, from a higher expectation of four per cent in April amid a rapid rise in new daily coronavirus infections and deaths, spurred by the more transmissible Delta variant. The prediction and revision are nearly parallel to the Cambodian […]
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