THAILAND faces a shortage of about 500,000 foreign workers in its manufacturing and services sectors to support an economic recovery from the pandemic, with the government having lifted almost all Covid-related travel and business restrictions. A combination of factors including civil strife in Myanmar and virus outbreaks in neighbouring countries has led to fewer-than-expected people […]
Read MoreKUALA LUMPUR, July 12 — The country’s economic recovery is expected to hit a soft patch in the second half (H2) of the year, Socio-Economic Research Centre (SERC) executive director Lee Heng Guie said Based on SERC’s forecast, Lee said this is expected due to weakening global growth, rising inflation, a higher cost of living, […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP) trade pact and the Cambodia-China Free Trade Agreement (CCFTA) have given a boost to development of the fledgling e-commerce industry in Cambodia, experts said on Monday. Cambodia’s market value of e-commerce had surged to 970 million U.S. dollars in 2021, up 19 percent from $813 million in 2020, according […]
Read MoreForeign tourist arrivals could reach 8 million this year after recording higher numbers over the past few months, says the governor of the Bank of Thailand. The number of foreign travellers entering Thailand has risen to around 30,000 per day. If the increase in numbers continues until the end of this year, international tourist arrivals […]
Read MoreMANILA, Philippines — Wholesale prices of goods moved up at a slower pace in May from the previous month as four commodity groups registered lower increases, the Philippine Statistics Authority (PSA) said. Data from the PSA showed growth in the general wholesale price index (GWPI) at the national level slowed to 7.9 percent in May […]
Read MoreWith such decreases, petrol prices have fallen below the VND30,000-mark per liter for the first time in almost four months, equivalent to the mid-March prices. The retail prices of petrol and diesel products in Vietnam took a major downturn with decreases of VND800-3,110 per liter from 0.00 am July 11. Under the latest adjustment, prices […]
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