During the fourth quarter of every year most of the export companies in Vietnam find the need to step up pace in order to meet the increased demand in orders from major import markets such as the US and the European Union. However, in the last months of this year, many export companies are finding […]
Read MoreOutbound Thai travel is expected to stay subdued as a result of the weak baht, poor purchasing power and cryptocurrency losses, despite the reopening of Japan and Taiwan. Charoen Wangananont, president of the Thai Travel Agents Association (TTAA), said enquiries into holidays to Japan soared after last week’s announcement that the country would reopen without visa […]
Read MoreKUALA LUMPUR, Sept 27 — The World Bank has revised upward its gross domestic product (GDP) growth forecast for Malaysia to 6.4 per cent in 2022 against 5.5 per cent projected earlier on the back of heightened economic activity in the first half of the year (1H22). Apurva Sanghi, the bank’s lead economist for Malaysia, […]
Read MoreTrade between Vietnam and Cambodia reached a record $7.7 billion in the first eight months of the year. Vietnam’s exports rose by 32% year-on-year to $4.1 billion, as the country turned last year’s deficit into a surplus, according to its customs department. The biggest item was iron and steel, accounting for 17% of the total, […]
Read MoreMANILA, Philippines — The International Monetary Fund sees the Philippines’ real gross domestic product (GDP) growing by 6.5 percent in 2022, but slowing to five percent in 2023 as global shocks weigh on the economy in the coming months, according to IMF mission head Cheng Hoon Lim. “The Philippines has successfully emerged from one of […]
Read MoreTHAILAND’S economy is expected to grow 3.1 per cent this year, higher than a forecast in June of 2.9 per cent, supported by private consumption and exports, the World Bank said on Tuesday. However, the bank cut Thailand’s growth forecast in 2023 to 4.1 per cent, from a previous outlook of 4.3 per cent. While […]
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