Last September, amid an alarming rise in the number of unoccupied hotel rooms in cities like Yangon and Mandalay, the Ministry of Hotels and Tourism (MOHT) announced tighter controls on the development of new hotels in congested areas. Occupancy rates in Myanmar last year were under 40 per cent during the rainy season, according to Bloomberg, quoting figures from the […]
Read MoreJAKARTA: Indonesia on Monday is expected to announce slightly higher economic growth in the second quarter, as weak consumption is crimping the country’s ability to get the pace well above 5%. In every quarter since the start of 2014, growth has hovered around 5%, which many analysts say is not enough to escape the so-called […]
Read MoreMANILA, Philippines – The strong economic fundamentals of the Philippines continue to lure foreign businessmen as a group of Singaporean companies is currently in Manila to explore business opportunities. In a press briefing yesterday, Philippines-Singapore Business Council (PSBC) co-chair Lo Chin Hua said many Singaporean companies have expressed interest in looking for potential projects in the Philippines, one of the […]
Read MoreHANOI — Vietnam’s tuna export turnover has risen 21 per cent year-on-year to hit US$271 million in the first half of 2017. Sharing export details, the Vietnam Association of Seafood Exporters and Producers (VASEP) said that tuna fillet brought in the most revenue, accounting for around 48 per cent of total tuna exports, followed by […]
Read MoreHoang Anh Gia Lai (HAGL), which last month became the first company to officially export bananas from Cambodia, has secured more orders for the fruit and will ship another 100 tonnes of bananas from its plantations in Ratanakkiri province today, a company representative said. The order will be transported overland to port facilities in Vietnam […]
Read MoreMANILA, Philippines — Inflation slightly inched up in July after lower food prices partly tempered a hike in utility bills, the Philippine Statistics Authority reported on Friday. Consumer prices rose 2.8 percent on average last month, up from the revised 2.7 percent the previous month. From January to July, prices have already risen 3.1 percent. The year-to-date tally […]
Read More
Thailand
