Thursday is the big day for data on the region’s economic health with Singapore announcing advanced estimates of third-quarter gross domestic product (GDP) and China releasing some key inflation indicators. Australia announces it September jobless rate on the same day. Singapore’s economy grew by 1.3 percent in the September quarter, according to Moody’s Analytics. GDP […]
Read MoreCambodia will have the second-fastest growing economy in Southeast-Asia in five years, according to the International Monetary Fund. In its World Economic Outlook the IMF said the Kingdom’s gross domestic product (GDP) would expand 6.6 percent, second only to Vietnam with a forecast 6.9 percent growth. It said the Philippines economy would be the third […]
Read MoreMANILA, Philippines — The government plans to collect more than P76 billion in taxes from Philippine offshore gaming operators (POGOs) in 2022 and 2023 as they are expected to recover the losses incurred during the pandemic. In an interview with reporters, Finance Secretary Carlos Dominguez said the signing of Republic Act (RA) 11590, or An […]
Read MoreThe baht opened at 33.17 to the US dollar on Thursday, strengthening from the previous closing rate of 33.45. The Thai currency is likely to move between 33.10 and 33.30 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might strengthen as foreign investors are buying Thai stocks because […]
Read MoreThai Airways International will resume full service on 36 foreign routes to destinations in Europe, Asia and Australia, most on Oct 31, in response to the government’s decision to reopen the kingdom to tourists on Nov 1. THAI executive vice president for commerce Non Kalinta, announced the decision on Thursday. He said the resumption of […]
Read MoreFitch Ratings-Bangkok-12 October 2021: Fitch Ratings expects Thailands economic recovery to gain traction in 2022, supported by a significant improvement in Covid-19 vaccination rates, business reopening and a still-supportive global growth environment. The return of tourism is likely to be gradual, and Fitch expects GDP to recover to pre-pandemic levels by early 2023. The ratings […]
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