The Lao government has reported a foreign currency outflow of over USD 303 million in the first nine months of this year. According to a report by Lao Youth Radio, Laos recorded a foreign currency outflow of approximately USD 34 million per month this year. Governor of the Bank of Laos, Mr. Sonexay Sitphaxay, told the National […]
Read MoreMANILA, Philippines — Unemployment soared in September, hitting its worse yet since the pandemic sent the economy into a historic meltdown. Data from the Philippine Statistics Authority found unemployment in September worsened to 8.9%, which according to the monthly Labor Force Survey yielded 4.25 million jobless Filipinos. This was the highest since July 2020 when […]
Read MoreVietnam’s port industry will likely maintain its growth streak throughout the end of the year and into 2022, thanks to the recovery of the global economy and the number of free trade agreements which the country is a part of. The flow of cargo through Vietnam’s seaports has been forecast to increase in double-digit numbers, […]
Read MoreCambodian ambassadors, counsel-generals and the diplomatic corp have been tasked to promote the newly-endorsed investment law to businessmen abroad in a bid to attract them to select the Kingdom as their investment destination. The Ministry of Foreign Affairs and International Cooperation in collaboration with the Council for the Development of Cambodia (CDC) on Wednesday organised […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has revised up its GDP growth forecast to 0.5-1.5% this year, up from 0-1%, as it expects better business prospects stemming from the reopening of the country and stimulus measures. “Thailand has officially reopened while lockdown measures are relaxed. These are good for economic activities […]
Read MoreThe government of Laos hopes to earn LAK two trillion in revenue from mining and trading the bitcoin cryptocurrency. Lao Minister of Finance, Bounchom Ubonpaseuth, told the National Assembly on Monday that mining the cryptocurrency could contribute to the LAK 28,963 billion in revenue projected for 2022, according to Vientiane Times. The government of Laos authorized six companies […]
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Thailand
