Tour packages to Thailand for Chinese visitors surged in price by 20% because of few tours and high demand, according to the Tourism Authority of Thailand (TAT). Chuwit Sirivejkul, TAT regional director for marketing in East Asia, said with pent-up demand from the Chinese market, most tourists will opt for independent travel as the Chinese government […]
Read MoreAccording to the Lao Trade Portal, the country recorded a trade deficit of USD 23 million in December, which is considerably lower than the trade deficits of USD 45 million and USD 230 million reported in November and October, respectively. The overall value of trade hit USD 1,088 in December last year, including USD 532 million […]
Read MorePETALING JAYA: Malaysia’s industrial production growth is expected to normalise in 2023 on the back of a dampened outlook among the country’s major trading partners, like the United States, United Kingdom and Europe, says AmBank Research. “Moving forward, we expect growth in production to slow down. The latest manufacturing Purchasing Managers’ Index number also has […]
Read MoreMANILA, Philippines — The Philippine economy is projected to post slower growth this year as global demand weakens, but the expected growth will be among the fastest in the region, according to the World Bank. “After the strong rebound in 2022, growth in Malaysia, Philippines and Vietnam is expected to moderate as the growth of […]
Read MoreCambodia’s exports of garments, footwear and travel (GFT) goods grew by around 15 percent in 2022 compared to the previous year, from $10.99 billion to $12.63 billion, but the total share of the sector declined marginally, according to the latest report on trade by the General Department of Customs and Excise (GDCE). The GFT sector […]
Read MoreThe report, released on Tuesday, also showed that the average monthly income for workers in all three economic sectors grew. According to a report by the General Statistics Office (GSO), the average per capita monthly income for Vietnamese citizens increased by 16 per cent to VND6.7 million ($284) in 2022. The report, released on Tuesday, […]
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