The World Bank in its Economic Update released Wednesday said the tourism and hospitality industries are likely to accelerate further, with projected increases in international arrivals and domestic tourists once the pandemic is becomes history. Agricultural production and agroprocessing industries continue to be boosted by newly ratified free trade agreements. In addition to the Cambodia-China […]
Read MoreAS COVID-19 restrictions eased in 2022, Singapore’s labour market moved towards pre-pandemic normalcy. Manpower demand rose in consumer-facing industries, while the return of foreign labour relieved shortages. Total employment surpassed pre-Covid levels in the third quarter, and unemployment rates have also recovered. In contrast, slowing economic growth in 2023 is expected to reduce labour demand […]
Read MoreIndustrial Zone (IZ) developers are pocketing big money as Vietnam is welcoming new foreign investors. Trang Bui, CEO of Cushman Wakefield, said total demand of industrial land in northern Vietnam is 13,600 hectares and the average rent per sq m is $139 in Hanoi, $130 in Bac Ninh, $121 in Hai Phong, $113 in Vinh […]
Read MorePETALING JAYA: Asian economies are expected to see a gloomy start in 2023, but it would not be for long with Malaysia seen to be relatively resilient among Asean countries, says the Institute of Chartered Accountants in England and Wales (ICAEW). ICAEW noted that experts and analysts have warned of an impending recession in 2023 […]
Read MoreMANILA, Philippines — Philippine manufacturing output picked up in October from the previous month with 14 industry divisions registering increases, according to the Philippine Statistics Authority (PSA). Preliminary results of the Monthly Integrated Survey of Selected Industries released by the PSA yesterday showed manufacturing output, as measured by the Volume of Production Index (VoPI), registered […]
Read MoreThe World Bank in its report released yesterday said Cambodia’s goods export growth accelerated, surpassing its pre-pandemic growth rate. In the first 8 months of 2022, merchandise exports surged, growing at 28.6 percent y/y, driven largely by exports of main manufacturing products, namely garment, travel goods, and footwear, which grew at 30.3 percent y/y. Merchandise […]
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Thailand
