IN light of the slower expansion anticipated in the second half of this year, MUFG Bank Ltd. maintained its 2022 economic growth projection for the Philippines at 6.5 percent, the lower end of the government’s adjusted target. In a report released on Wednesday night, it noted that the Philippines’ real gross domestic product (GDP) growth in the first […]
Read MoreAFP – Soaring global food and energy prices have forced 71 million people into poverty in the world’s poorest countries, according to a United Nations Development Program report published Thursday. The rise in the developing world’s poverty rates over the past three months “is drastically faster than the shock of the COVID-19 pandemic,” said the UNDP […]
Read MoreConsumer confidence picked up for the first time in six months in June, boosted by emerging signs of an economic recovery following the continued easing of Covid-19 control measures and improved business activities. The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index rose to 41.6 in June from […]
Read MoreThe Ministry of Industry and Trade said that many fruits from foreign countries have been massively imported into Vietnam resulting in fierce competition with local ones. According to the Ministry’s statistics, only from the beginning of 2022 until now, on average, each month, Vietnam imports about US$160 million-US$190 million of foreign fruits and vegetables (mainly […]
Read MoreThe Commerce Ministry has teamed up with the Thai Rice Mills Association, Thai Rice Packers Association and petrol stations to sell 1.5 million kilogrammes of packaged rice at a discount of up to 48% or 5-100 baht to help mitigate the cost of living. The discount scheme started on Thursday and runs until July 31. Commerce […]
Read MoreWith zero tariff, exports of agricultural commodities like cashew nut, banana, mango, longan and cassava starch to the Chinese market are expected to soar, says WB report The Cambodia-China Free Trade Agreement (CCFTA) is expected to boost agricultural commodity exports, according to a World Bank report. The objective of CCFTA and RCEP is to increase […]
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Thailand
