Average monthly household expenses rose to 18,088 baht in June – two times higher than the minimum wage, according to a survey by the Commerce Ministry’s Trade Policy and Strategy Office (TPSO). The TPSO said rising living costs driven by the energy crisis caused headline inflation in June to rise to 7.66 per cent from […]
Read MoreCambodia’s exports of yellow bananas surged to $168 million in 2021, compared with exports of $112 million in 2020 and $49 million in 2019. According to World Bank’s Cambodia Economic Update June 2022, several fresh fruit products, especially mango and yellow banana, have shown export growth last year. It said yellow banana is now one […]
Read MoreConsecutive petroleum price hikes so far this year have further burdened travel firms in Vietnam which are trying to gradually recover after the Covid-19 pandemic. Consecutive petroleum price hikes so far this year have further burdened travel firms in Vietnam which are trying to gradually recover after the Covid-19 pandemic. Vu Van Tuyen, director of […]
Read MoreBesides boosting trade growth, a more integrated regional supply chain under the RCEP agreement has also benefitted Asean countries Xinhua – During Thailand’s durian season every year, orders from China for the thorny “king of fruits” always surge, driving up shipments from the world’s top fresh durian exporter. This year, after the Regional Comprehensive Economic Partnership […]
Read MoreMANILA, Philippines — MUFG Bank Ltd. is expecting a slower recovery pace for the Philippines in the second half as financial tightening became a global phenomenon led by the hawkish US Federal Reserve. “The financial tightening likely causes an overall lower Asia GDP growth in the second half. Specifically, we expect the recovery pace of […]
Read MoreCurrent account deficit projected to shrink as tourism revives and central bank hikes rates The Finance Ministry expects the baht’s value to rebound in the second half this year, in line with the anticipated narrowing of the current account deficit, says a ministry source who requested anonymity. According to Reuters, Bank of Thailand officials said […]
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