SINGAPORE – Singapore presented a bigger budget for the coming year, providing support for the struggling sectors, but keeping a surplus in case global economic conditions worsen and put the city-state’s growth at risk. Following up on recommendations by a key advisory panel this month, the budget unveiled projects to invest in infrastructure, deepening the […]
Read MoreALL lodging premises in the country are required to register with the Tourism Development Department in line with provisions stipulated in the Tourism Order 2016 that came into force in October last year. Some 83 representatives of lodging premises identified by the Tourism Development Department comprising hotels, budget hotels, motels, resorts, home stay, rest houses, […]
Read MoreHigh import duties on foreign cars and unfavorable policies on the domestic auto industry are leaving few affordable options for car buyers in Vietnam. A Hyundai i10 sedan imported from India arrives in Vietnam at the average price of only VND84 million (US$3,750), according to Hyundai-Thanh Cong, the authorized dealer of the South Korean carmaker […]
Read MoreRice prices in Thailand advanced this week following a deal with the Chinese government, while markets slowed in India and Vietnam, traders said on Thursday. In Thailand, the world’s second biggest rice exporter, benchmark 5-percent broken rice RI-THBKN5-P1 edged up to $357-$360 a tonne, free-on-board (FOB) Bangkok, from $355-$360 last week. “Prices went up on […]
Read MoreTourism revenue is expected to continue growing this year, but high growth could mean greater risks to the economy, warns a senior ministry official. Pongpanu Svetarundra, permanent secretary of the Tourism and Sports Ministry, said tourism revenue is expected to account for 17-18% of the country’s GDP this year, compared with 17.7% a year earlier […]
Read MoreVietnamese small-and medium-sized enterprises are keen to explore investing in Myanmar, according to the Cong Thuong (Industry & Trade) newspaper. Vietnam is among the top 10 foreign investors in Myanmar, with nearly 80 businesses pouring in investment worth US$1 billion in the host country. Major companies such as Hoang Anh Gia Lai, Bank for Investment and Development […]
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