MANILA, Philippines — The Philippines closed 2021 as the second fastest growing market for motor vehicles in Southeast Asia, with the number of units produced and sold registering double-digit increases from the previous year. Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed the number of motor vehicles assembled in Philippine […]
Read MoreThailand urgently needs 800,000 migrant workers to serve the manufacturing sector as well as tourism and service businesses that are struggling to deal with a labour shortage, says the Federation of Thai Industries (FTI). Many companies are registering with the government to import workers from Myanmar, Laos and Cambodia as demand for workers increases as […]
Read MoreSINGAPORE (BLOOMBERG) – The search is on for South-east Asia’s top-performing currency for the year and the odds are tilting in favour of the Singapore dollar. It is early days yet but the Republic’s currency looks like a strong contender for the crown after the Monetary Authority of Singapore’s (MAS) hawkish shift last week. Quickening inflation and […]
Read MoreThe Minister of Economy and Finance’s General Department of Taxation (GDT) collected 11.402100 trillion riel ($2.781 billion) in tax revenue in 2021, 24% more than the plan of $538 million. However, this revenue is slightly less when compared to the same period of year 2020 with total revenue of about $2.87 billion in tax revenue. […]
Read MoreFirms are increasingly confident about the year-ahead outlook. The Vietnam Manufacturing Purchasing Managers’ Index (PMI) rose to 53.7 in January, up from 52.5 in December and signaling a solid improvement in business conditions that was the most marked since April 2021, according to Nikkei and IHS Markit. A reading below the 50 neutral marks indicates […]
Read MoreThis year’s Chinese New Year festival is only expected to lure some 527,900 tourists and generate just 1.93 billion baht owing to fears over Omicron as well as the rising cost of living and household debt, Tourism Authority of Thailand (TAT) governor Yuthasak Supasorn said on Saturday. He said once again, Bangkok’s Chinatown is not […]
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