Fastest in 14 years MANILA, Philippines — Inflation rose to a 14 year-high in November largely due to faster food price upticks, the Philippine Statistics Authority (PSA) reported yesterday. In a briefing, deputy national statistician Divina Gracia del Prado said headline inflation – the rate of increase in prices of consumer goods and services – […]
Read MoreExports are expected to contract by 1-3% in the fourth quarter year-on-year because of slowing global demand, according to the national shipping trade group. Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council (TNSC), said yesterday the value of Thai shipments may fall to an average of US$23.5 billion a month in November and December […]
Read MoreTHE economic growth rate for South-east Asia may wane in 2023 amid intensifying global headwinds, but the region is likely to stay a bright spot in a world edging towards a recession, economists say. John Woods, the chief investment officer (Asia-Pacific) at Credit Suisse, expects the growth of Asean-6 economies – Indonesia, Malaysia, the Philippines, […]
Read MoreThe Council for the Development of Cambodia (CDC) has granted green light to a new investment project proposed by Textstar Garment (Cambodia) Co., Ltd. According to a recent press release of CDC, the private company will invest $5.1 million to build a garment factory in Damnak Tom village 2, Sangkat Stung Meanchey 3, Khan Meanchey, […]
Read MoreOngoing travel restrictions and entry requirements in some countries are the most critical obstacles to expanding the tourism sector, according to the Thai Travel Agents Association (TTAA). Charoen Wangananont, president of TTAA, said Thai outbound tourism in the last two months of this year remains strong, despite concerns about an economic recession, particularly to destinations that […]
Read MoreTax revenues from e-commerce activities have risen over the years, but they are still far behind the industry’s expansion rate, the Ministry of Finance reported. Tax collections from 2018 to date totaled nearly VND5,590 billion. The figure has increased over the years, with the collection growth rate at 130% from 2018 to 2021. The year […]
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