Cambodia is now Vietnam’s fastest-recovering tourism market with an increase of 338% in the first half of this year against pre-pandemic levels, followed by India at 236%. Laos ranked third with an increase of 117%, followed by Thailand at 108% and Singapore 107%, according to the Vietnam National Administration of Tourism. A visa-free stay of […]
Read MoreMANILA, Philippines — Credit growth slowed for the second straight month and remained at single-digit level in May, reflecting the impact of the year-long tightening cycle by the Bangko Sentral ng Pilipinas (BSP) to fight inflation and stabilize the peso. Preliminary data from the BSP showed that the rise in loans disbursed by big banks […]
Read MoreThe governor of the central bank highlighted the root causes of the foreign currency shortage and outlined key measures to address them during debates at the National Assembly last week. In response to questions raised by members of parliament, the Governor of the Bank of the Lao PDR, Dr Bounleua Sinxayvoravong, said Laos has faced […]
Read MoreVietnam remained the biggest rice provider of the Philippines in the first five months of this year with turnover of 772.4 USD million, surging 31.1% year-on-year. During January-May, the Philippines imported 1.5 million tonnes of rice from Vietnam, accounting for nearly 90% of its total imported rice, according to the Asia-Africa Market Department under the […]
Read MoreA strong post-pandemic rebound has pushed Indonesia back into the upper-middle income band of countries, according to the World Bank, putting it back on track to pursue its high-income status goal. Indonesia reclaimed the rank this year as gross national income per capita climbed to $4,580, based on the bank’s latest classifications. It’s an improvement from the […]
Read MoreRemittances from Cambodian migrant workers increased from $1.15 billion in 2021 to $1.25 billion in 2022 and are the third highest in the Asean as a share of national GDP after those of the Philippines and Vietnam, according to a new report. The report is based, in part, on policy maker and expert discussions during […]
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Thailand
