Vietnam’s economy has recovered impressively and it is the only country in Asia with a growth forecast that has been raised by the International Monetary Fund (IMF). This has led to leading foreign and domestic retailers expanding their networks. Potential market The IMF and the World Bank have also said Vietnam’s economy is recovering very […]
Read MoreSalaries in Thailand are expected to rise an inflation-adjusted 2.2% next year, the eighth highest in the world, a survey shows. Soaring inflation is set to put a major dent in salary increases for the second year running in 2023, according to a new survey that sees just 37% of countries globally expecting to report real-term […]
Read MoreVietnam’s central bank unexpectedly raised interest rates by another 1 percentage point for a second straight month to help ease pressure on a currency that has slumped to a record low. The refinance rate will rise to 6% while the discount rate will increase to 4.5%, starting Oct 25, the State Bank of Vietnam said […]
Read MoreThe Tourism Authority of Thailand (TAT) is expected to look elsewhere for stimulus after the prime minister asked the cabinet last week to prepare new mechanisms to accelerate year-end spending. The agency had been pushing for a tourism stimulus plan totalling 1 billion baht, proposed in June, financed by a budget from the 500-billion-baht loan decree. […]
Read MoreSINGAPORE’s core inflation rose further to 5.3 per cent in September but headline inflation held steady at 7.5 per cent, both in line with economists’ expectations, according to Department of Statistics consumer price index (CPI) data on Tuesday (Oct 25). The pickup in core inflation was on account of larger price increases for items such […]
Read MoreKUALA LUMPUR: Malaysia’s leading index (LI) rose 4 per cent year-on-year (y-o-y) to 111.3 points in August 2022, indicating that the economic growth momentum will continue moving forward, according to the Department of Statistics Malaysia (DOSM). The LI, at 107.0 points in August 2021, is a predictive tool used to anticipate economic upturns and downturns […]
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