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Thailand: Analysts issue mixed bag of growth outlooks

The government’s plan to fully reopen the country within 120 days would support economic growth of 2.3% this year, the growth figure forecast by the Fiscal Policy Office (FPO), says the office’s director-general Kulaya Tantitemit. Prime Minister Prayut Chan-o-cha said on Wednesday Thailand will fully reopen by mid-October, with all businesses able to resume normal […]

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Philippines: Business sentiment improving – think tank

MANILA, Philippines — Businesses all over the globe are turning more optimistic as the world recovers from the impact of the pandemic, with downside risks becoming less and less, an international think tank said. Based on the June round of the Global Risk Survey of UK-based Oxford Economics, business sentiment has significantly improved and a […]

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Vietnam: Car dealers offer big discounts amid Covid-19 outbreak

Car sales have dropped sharply because of the fourth Covid-19 outbreak, prompting dealers to offer big discounts. The Vietnam Auto Manufacturers’ Association reported that its members sold 25,585 products in May, including 17,581 passenger cars, and 7,482 commercial and 522 specialized vehicles, which represented a 14 percent, 16 percent and 33 percent decrease, respectively, from […]

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Thailand: Klong Toey project bids to open 2022

The Port Authority of Thailand (PAT) will open bidding for a construction contractor for the Klong Toey smart community project next year. Director-general Lt JG Kamolsak Promprayoon said the authority has hired companies responsible for architecture design and engineering for the smart community project, worth 9.9 billion baht. The architectural designer will be asked to […]

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Cambodia: World Bank’s 4.1 percent growth projection holds but recovery deemed vulnerable

The World Bank yesterday maintained its 4.1 percent growth projection for the Kingdom in its first economic update for Cambodia of the year. The global financial institution, which aids development by providing loans and grants to countries, said that the Kingdom’s agriculture segment “remained resilient” while the tourism sector had been “hit hard” and the […]

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