While the World Bank commended Cambodia for its strong economic growth and efforts to reduce poverty over the past two decades, it, however, cautioned yesterday that the agriculture and garment sectors posed challenges which could make that growth unsustainable. “An overview of the past two decades, from 1994 to 2014, indicates strong economic growth – […]
Read MoreThe Duterte administration’s pump-priming plan remains intact despite an expected rise in borrowing costs after the US Federal Reserve delivered its widely anticipated rate hike. “This is the most anticipated move by the Fed, hence, (it) won’t change our fiscal program, especially the expenditure plan,” Budget Secretary Benjamin Diokno said in a text message […]
Read MoreSixteen leading wholesalers and retailers are set to offer year-end discounts up to 80% on select items for 21 days starting today. Commerce Minister Apiradi Tantraporn said yesterday that the wholesalers and retailers, which together have 13,500 branches nationwide, will cut product prices by 20-80% through Jan 4. The scheme is intended to help reduce […]
Read MoreThai shrimp exports are expected to grow by 10-15% next year, with domestic supply to hit a record high four years after Thailand began wrestling with early mortality syndrome (EMS). Somsak Paneetatyasai, president of the Thai Shrimp Association, said the country’s overall shrimp industry has been recovering as farmers have achieved greater know-how in improving […]
Read MoreWhile Vietnam does not appear to be hitting the breaks on its aircraft buying spree, the country’s aviation market is beginning to feel the effects of accelerated growth marred by overloaded airports, crowded airspace, and stressed flight attendants. The Southeast Asian country’s air passenger numbers are estimated to reach 52.2 million this year, a solid […]
Read MoreThe Israel Chamber of Commerce of the Philippines (ICCP) is asking the government to put on hold its plan to rationalize fiscal incentives given to companies as making changes would only lessen the country’s appeal to investors. ICCP president Itamar Gero said his group sees the government’s plan to overhaul the fiscal incentives as “too […]
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Thailand
