Of the six ASEAN nations, only Vietnam posted an increase in exports for 2020, up 7 percent to 282.66 billion USD, according to The Straits Times. The Malaysian newspaper quoted data from the Japan External Trade Organisation (JETRO) as saying that exports from six ASEAN countries, including Indonesia, Malaysia, Singapore, Thailand, the Philippines and Vietnam, […]
Read MoreMANILA, Philippines — Robust household spending is seen fuelling a strong rebound from a pandemic-induced recession last year, the research unit of the Fitch Group said. Fitch Solutions Country Risk and Industry Research said consumer spending is seen bouncing back with a 5.7-percent growth this year after contracting by seven to nine percent last year. […]
Read MoreThailand’s GDP growth outlook this year remains weak as economic drivers are unreliable at this stage, with the vaccine rollout — the only positive factor for sentiment in the short term — yet to begin, says Standard Chartered Bank Thai. The first vaccine shots in Thailand will be administered by the end of this month as […]
Read MoreAirlines and hotels dubbed the tourism situation this year as being a worse crisis than the first outbreak of the pandemic, leaving them to cling to the hope of a remedy from the government. Tassapon Bijleveld, executive chairman of Asia Aviation, the largest shareholder of Thai AirAsia (TAA), said when international tourists return in the […]
Read MoreAlthough inflation is trending downwards, many people feel their personal situation has not improved at all due to the mismatch between their income and spending. Many Vientiane residents say their income has not increased but prices are continuing to rise, ramping up pressure on their families and making it difficult for them to improve their […]
Read MoreMANILA, Philippines — Dutch financial giant ING Bank said the Philippines is in for a strong bounceback with a double-digit growth in the second quarter, ending five quarters of contraction brought about by the pandemic-induced recession. In a virtual briefing, ING senior economist Nicholas Mapa said the country’s gross domestic product or GDP is seen […]
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Thailand
