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Thailand: China market poised to surge in Q4

Luxury hotel operators are expecting the Chinese market to pick up stronger late this year as there were no notable bookings from the mainland in the first quarter. Ho Ren Yung, senior vice-president of brand and commercial at Banyan Tree Group, said the company has seen an increase in bookings driven by Chinese tourists from February, […]

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Vietnam: Retail market returns to pre-pandemic level

The Vietnamese retail sector has recovered to the pre-COVID-19 level, with 53.8% of total retailers reporting similar or better business outcomes, according to Vietnam Report JSC. In its recently released survey, Vietnam Report said that after the pandemic is controlled, the Vietnamese retail market saw the speeding up of the application of digital technologies in […]

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Thailand: Evaluating the China effect

One-third of the world economy may slide into a recession this year, but the outlook for China remains more murky. The gloomy economic forecast was made by the International Monetary Fund (IMF), based on concerns over an economic slowdown in the US, the EU and China, but some analysts believe 2023 will be a year of […]

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Indonesia’s December Trade Surplus Narrowed

Indonesia’s trade surplus narrowed in December as exports declined from the previous month. The country recorded a trade surplus of $3.89 billion, narrowing from $5.16 billion in November. Analysts polled by The Wall Street Journal expected a $4.01 billion surplus. For the full year, Southeast Asia’s largest economy reported a trade surplus of $54.46 billion. […]

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Singapore’s inflation expectations dip with higher interest rates, global headwinds: poll

SINGAPOREANS’ headline inflation expectations for the year ahead fell, down to 3.8 per cent in a December poll from an 11-year high of 4.6 per cent in September 2022, according to the latest quarterly results of the Singapore Index of Inflation Expectations (Sindex). However, the fourth quarter one-year-ahead inflation expectations are still higher than the average one-year-ahead […]

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