Thai workers’ debt levels have hit a 14-year high amid sluggish economic recovery and rising living costs driven by soaring fuel prices, a university survey showed on Thursday. The average debt of each worker’s household stood at 217,000 baht this year, up 6% from last year, restraining much-needed domestic spending, Thanavath Phonvichai, president of the […]
Read MoreThailand is expected to see 5.5 million tourists this year despite the Centre for Covid-19 Situation Administration scrapping the Test & Go scheme from May, Krungsri Research said on Wednesday. It said the Russia-Ukraine war will affect tourists’ plans to visit Thailand, especially tourists from Russia and other European countries. The energy crisis due to […]
Read MoreMANILA, Philippines — Rising global commodity prices continue to pose a risk to fiscal consolidation in several Asia-Pacific countries including the Philippines this year, according to Fitch Ratings. In a report, the debt watcher said the sharp rise in commodity prices over the past month poses a rising risk to fiscal consolidation in 2022. “Some […]
Read MoreVietnam needs to pay special attention to the risk of imported inflation as the current low inflation in the country is partly due to low consumer demand. As Vietnam is forecast to face some risks affecting economic growth in 2022, economic experts gave relevant policy recommendations about inflation pressure as well as support packages for local businesses in […]
Read MorePETALING JAYA: Malaysia’s labour market experienced a gradual recovery in 2021, buoyed by the progressive reopening of the economy and resumption of social activities. According to the Statistics Department, a more targeted approach was undertaken to manage the public health situation last year, especially in the second half of 2021, as compared to a blanket […]
Read MoreSINGAPORE employment levels continued to expand in the first 3 months of 2022, on the back of a rebound in foreign workers – mainly in the construction sector. Total employment grew by 41,100 on the quarter before, excluding migrant domestic workers, the Ministry of Manpower (MOM) said in a preliminary report on Thursday (Apr 28). […]
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