A recovery in domestic demand in emerging Asia will help many of the region’s economies achieve stronger growth this year than in 2021, according to Fitch Solutions. However, it warned that tourism-dependent economies will face an uneven recovery. “While many Asian emerging markets will see slowing export growth in 2022, we’re going to see a […]
Read MoreIn a major relief to a large section of people, the Ministry of Economy and Finance announced the exemption of value-added tax or VAT on basic food items for two years starting from 2022. The ministry in a statement issued on January 11 said that the VAT exemption is for two years starting from January […]
Read MoreWhile affordable apartments are no longer seen in Hanoi and HCM City, apartments priced at hundreds of billions of dong are becoming popular. The real estate market saw real estate projects selling at record high prices in 2021. The Ministry of Construction (MOC) in the second quarter of 2021 reported that Spirit Of Saigon in […]
Read MoreSoaring food prices are taking a bigger bite of people’s income and are believed to be intensifying political pressure on — and even shaking the stability of — the coalition government, which has a little over one year left in office. As the price hikes look set to add to the public’s financial burden and no […]
Read MoreMANILA, Philippines — The Philippine economy is likely to become among the region’s top performers this year, but the expected growth will still fall short of government targets as downside risks remain, the World Bank said. In its latest Global Economic Prospects, the Washington-based multilateral lender retained its gross domestic product (GDP) forecasts for the […]
Read MoreBusiness travel is expected to face slower recovery from the trend of remote working and sustainability which targets reducing the carbon footprint from frequent business trips Bangkok Post — Even though the tourism industry has started to see optimism from Thailand’s reopening on November 1 last year, a fresh whiplash in travel sentiment from the Omicron […]
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