Consumer confidence increased for the ninth straight month in February, boosted by recovering tourism, government stimulus measures, and the baht’s weakness. The University of the Thai Chamber of Commerce (UTCC) reported yesterday the consumer confidence index rose to 52.6 in February, up from 51.7 in January, reaching the highest level in three years since Thailand began […]
Read MoreThe trade deficit in Laos soared to USD 233 million in September 2022 but has been decreasing steadily since then. The overall value of trade in Laos was USD 935 billion in January this year, with USD 461 million in exports and USD 474 million in imports, according to the information from the Lao Trade Portal. Major exports for […]
Read MoreMANILA, Philippines — The country’s unemployment rate went up in January from the previous month, following the end of the Christmas holidays when seasonal jobs were being created, according to the Philippine Statistics Authority (PSA). Preliminary results of the Labor Force Survey released yesterday showed the country’s jobless rate was at 4.8 percent in January […]
Read MoreThe potential growth rate of the economy is 4-5%, says Finance Minister Arkhom Termpittayapaisith. Among the factors that will determine more robust sustainable growth is increasing productivity by reskilling and upskilling workers, Mr Arkhom said yesterday at a seminar called “The NEXT Thailand’s Future”, co-hosted by Krungthai Bank and iBusiness of Manager Group. The ministry projects […]
Read MoreForeign-invested enterprises look set to struggle this year, particularly in garments, textiles, and footwear, as exports continue to fall and more workers are laid off. In mid-February, Taiwanese shoemaker PouYuen, based in Ho Chi Minh City, was forced to lay off about 3,000 workers due to a shortage of orders. It is not the first […]
Read MoreSINGAPORE – Headline inflation appears to have hit its peak and central banks have slowed interest rate rises but there are still “some ways to go”, noted Singapore’s central bank chief on Thursday. Monetary Authority of Singapore managing director Ravi Menon said expectations by some that rate rises will end soon or even start to […]
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Thailand
