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Cambodia: Bike exports rise 54% in Jan-Apr

Cambodia exported more than $300 million worth of bicycles to international markets in the first four months of 2022, an increase of 54 per cent year-on-year, according to latest figures from the Ministry of Commerce. Data shows that from January to April 2022, Cambodia’s bicycle exports amounted to $306.47 million. The US was the biggest […]

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Thailand: Industrial confidence at five-month low

Thailand’s industries sentiment index dropped to a five-month low in April, hit by higher production costs as Russia’s invasion of Ukraine pushed up the price of energy and raw materials, an industries group said on Wednesday. The Federation of Thai Industries (FTI) said its industries sentiment index fell to 86.2 last month after a rise […]

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Effective policy implementation crucial for Vietnam to reach high-income status by 2045: WB

Institutions have become a major impediment to the nation’s aspiration to reach high income by 2045. Vietnam needs to shift its economic growth model and improve the government’s capacity to implement economic policy reforms and public investments, realizing its aspiration of reaching high-income status by 2045, a World Bank Group report says. The World Bank Group’s Systematic […]

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Philippines: GMA sees profit growth this year

MANILA, Philippines — GMA Network Inc. is looking at sustained profitability this year, with the broadcast giant not expecting to encounter any bumps in the road with the new administration under the leadership of presumptive president Ferdinand “Bongbong” Marcos Jr. GMA chairman and CEO Felipe Gozon said the company is projecting a net income after […]

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Thailand lowers 2022 GDP outlook on Ukraine war, China slowdown

THAILAND’S main economic forecasting agency lowered its growth estimate for this year, and raised its inflation expectations, due to the impacts on the global economy from Russia’s war in Ukraine and a slowdown in China.  The National Economic and Social Development Council (NESDC) said Tuesday (May 17) that it sees gross domestic product (GDP) expanding […]

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